Experience the power of community-driven knowledge on IDNLearn.com. Our platform provides accurate, detailed responses to help you navigate any topic with ease.
An example of a demand-oriented approach to setting an approximate price is "prestige."
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, prestige 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: https://brainly.com/question/7284039