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