Which of the following pricing strategy wherein businesses set a selling price based on a product's production, manufacturing, and distribution costs?*Competitive pricingDemand based pricingPricing strategyCost based pricing
Question
Which of the following pricing strategy wherein businesses set a selling price based on a product's production, manufacturing, and distribution costs?*Competitive pricingDemand based pricingPricing strategyCost based pricing
Solution
The pricing strategy wherein businesses set a selling price based on a product's production, manufacturing, and distribution costs is Cost based pricing.
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