select all that apply\norganizations choosing competitor - oriented approaches to set prices might use which…

select all that apply\norganizations choosing competitor - oriented approaches to set prices might use which two pricing strategies?\n□ customary pricing\n□ loss - leader pricing\n□ prestige pricing\n□ target profit pricing

select all that apply\norganizations choosing competitor - oriented approaches to set prices might use which two pricing strategies?\n□ customary pricing\n□ loss - leader pricing\n□ prestige pricing\n□ target profit pricing

Answer

Brief Explanations:

Customary pricing is based on market - established norms which can be competitor - influenced. Loss - leader pricing is used to attract customers away from competitors by offering very low prices on certain items. Prestige pricing is about brand image and not directly competitor - oriented. Target profit pricing focuses on achieving a profit goal rather than competitors.

Answer:

A. customary pricing B. loss - leader pricing