QUESTION 1 In competition based pricing an organization may O price above the competition O price the same as the competition O price below the competition all of the above QUESTION 2 In ___oriented pricing organizations first calculate the costs of acquiring of making the product and operating expenses and then adds profit margin to arrive at a price QUESTION 3 Using the target-costing pricing strategy, an organization sets a competitive and strategically appropriate sales price and then subtract the desired profit from this sales price to determine the product's maximum acceptable production costs. True False QUESTION 4 The pricing approach that attempts to create an illusion for the customer Promotional Pricing Price Skimming Psychological Pricing Segment Pricing