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Elanso [62]
3 years ago
9

Which is an example of a demand-oriented approach to setting an approximate price?

Business
1 answer:
Flura [38]3 years ago
7 0

An example of a demand-oriented approach to setting an approximate price is "<u>prestige</u>."

This is because a demand-oriented approach to setting an approximate price is focused on consumers' characteristics.

Demand-oriented approaches often consider the targeted consumers' characteristics, such as tastes, preferences, interests, etc.

Thus, <u>prestige</u> is known to be a factor of interest or perception relating to choice.

Hence, in this case, a good example of a demand-oriented approach to setting an approximate price is "prestige."

Learn more here: brainly.com/question/7284039

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Innovation is a characteristic, because the flexibility that comes from being an entrepreneur allows for freedom of ones own ideas, making innovation more likely.

Profit is not a particular characteristic, due to the risk factor.

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