which two are profit-oriented approaches to setting a price?

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20-10-2021
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which two are profit-oriented approaches to setting a price?

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jayilych4real jayilych4real · Answer 1 · 2021-10-27T11:50:15+02:00

Profit-oriented approaches to setting a price to a good are those concerns or strategies that are used in order to determine what the price of a good would be.

There are three types of Profit-oriented pricing approaches and they include:

Target profit
Target return-on-sales
Target return-on-investment pricing.

These are all used to create a balance to the profits made and the cost of a product. However, the return on sales is good because it makes predictions about demand for the product and makes a suitable pricing for the product.

Please note that your question is incomplete and i gave you a general overview which should help you get the correct answer.