Question
Demand-oriented pricing approaches weigh which factors most heavily?
Multiple choice question.
costs to produce the product
expected supply of the product at its time of release
expected customer tastes and preferences
number of competitive products on the market
Multiple choice question.
costs to produce the product
expected supply of the product at its time of release
expected customer tastes and preferences
number of competitive products on the market
Answers
GPT-4o mini
Demand-oriented pricing approaches weigh the following factor most heavily:
- **expected customer tastes and preferences**
This approach focuses on how much customers are willing to pay for a product based on their preferences and perceived value, rather than just production costs or competitive offerings.
- **expected customer tastes and preferences**
This approach focuses on how much customers are willing to pay for a product based on their preferences and perceived value, rather than just production costs or competitive offerings.