Demand-based pricing or competition-based pricing

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Reference no: EM131282795

Determine whether each example is based on cost-plus pricing, markup pricing, demand-based pricing, or competition-based pricing:

- Joe’s Sandwich company determines the cost of making each sandwich and then adds a certain dollar amount to set the final price.

- To undercut its rivals, a new furniture company prices its products below competing brands.

- Airlines often price their tickets higher on the weekend because more people are purchasing tickets.

- Costco and Sam’s Club add 14 percent of the cost to the cost of the product to set the price.

Reference no: EM131282795

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