Question: Question :Identify and explain two (2) unique approaches to setting prices for this business (Green House) Setting an Approximate Price Level Select an approximate price

Question:Identify and explain two (2) unique approaches to setting prices for this business (Green House)

Setting an Approximate Price Level Select an approximate price level Demand-oriented Cost-oriented Profit-oriented Competition-oriented approaches approaches approaches approaches Skimming . Standard markup . Target profit . Customary . Penetration Cost-plus Target return . Above, at, or . Prestige . Experience curve on sales below market . Price lining . Target return . Loss leader Odd-even on investment . Target Bundle Yield management

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