A. independent revenue approach
B. market based approach
C. cost based approach
D. dependent revenue approach
✅ The correct answer is option C.
Companies that perform in less competitive markets and their market offerings significantly differ are classified as cost based approach. Cost based pricing is one of the pricing methods of determining the selling price of a product by the company, wherein the price of a product is determined by adding a profit element (percentage) in addition to the cost of making the product.
Companies that perform in less competitive markets and their market offerings significantly differ are classified as cost based approach. Cost based pricing is one of the pricing methods of determining the selling price of a product by the company, wherein the price of a product is determined by adding a profit element (percentage) in addition to the cost of making the product.