100k views
4 votes
Who has authority to approve a price less than list price, but above target price?

1 Answer

1 vote

Final answer:

The authority to approve a price less than the list price but above the target price typically lies with the management or decision-makers within a business.

Step-by-step explanation:

The authority to approve a price less than the list price but above the target price typically lies with the management or decision-makers within a business. These individuals have the power to negotiate and make adjustments to the pricing strategy based on various factors such as competition, market demand, and cost considerations.


For example, if a company sets a list price for a product at $100, but the target price they aim to achieve is $80, the decision-makers may have the authority to approve a price of $90. This allows the company to offer a discount to customers without undercutting their desired target price.


Ultimately, the specific individuals who have the authority to approve a price less than the list price but above the target price will depend on the organizational structure and decision-making processes within the business.

User Greg Noe
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.