market research reading quiz\nquestion 6 of 10: pricing your new product based on what you pay for the parts…

market research reading quiz\nquestion 6 of 10: pricing your new product based on what you pay for the parts inside it is called:\n a) demand - based pricing\n b) cost - based pricing\n c) competition - based pricing

market research reading quiz\nquestion 6 of 10: pricing your new product based on what you pay for the parts inside it is called:\n a) demand - based pricing\n b) cost - based pricing\n c) competition - based pricing

Answer

Brief Explanations:

Cost - based pricing is determined by the cost of production, including the cost of parts. Demand - based pricing is based on consumer demand, and competition - based pricing is based on competitors' prices.

Answer:

B. Cost - based pricing