Moving to another question will save this response. Question 7 Match the following term with the phrase that most closely describes it. Economic Pricing (used for Profit Maximization decisions) is: A system that charges customers for the services they consume A system that sets prices based on costs A system that starts with what consumers are willing to pay for a product and tries to design a product at a cost that allows a reasonable profit A system that prices based on the laws of supply and demand Away of using activity based methods to assess which customers are covering the costs they are generating Moving to another question will save this response