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GaryK [48]
3 years ago
9

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

Business
1 answer:
EleoNora [17]3 years ago
8 0

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:

  • <u>Target profit </u>
  • <u>Target return-on-sales</u>
  • <u>Target return-on-investment pricing.</u>

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.

Read more here:

brainly.com/question/15398134

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See complete solution in the picture attachment.

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