Question
One of the following is regarded as the process of setting up a price for an organisation.
A.
Setting up strategies based on cost
B.
Set up price levels
C.
Estimate costs
D.
Developing target pricing
A.
Setting up strategies based on cost
B.
Set up price levels
C.
Estimate costs
D.
Developing target pricing
Answers
GPT-4o mini
The correct answer is **D. Developing target pricing**.
Developing target pricing involves setting a price based on market conditions, competition, and the perceived value of the product or service, which aligns closely with the process of setting up a price for an organization.
Developing target pricing involves setting a price based on market conditions, competition, and the perceived value of the product or service, which aligns closely with the process of setting up a price for an organization.