The pricing strategy in which the company determines price it will make the targeted return is classified as?
Correct answer: A. target return pricing
- A. target return pricing
- B. markup return pricing
- C. learning pricing
- D. marginal pricing
Explanation
Target-return pricing sets the price required to achieve a specified return on investment or target profit. Markup pricing instead adds a predetermined percentage to cost.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Marketing
Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.
Practise Marketing
1,700 free Marketing MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Marketing questions
The process of introducing a new product into market is called?
The 'Millennial' are also classified as?
The marketing services agencies includes?
The customers of products or services in product life cycles introductory stage are classified as?
The decrease in average per unit cost of production which is caused by accumulated experience of production is classified as?
The tools of sales promotion that are used to trigger short term customer involvement or to build customer relationships are classified as?