Final answer:
Cost-plus pricing and target pricing are two profit-oriented approaches to setting a price.
Step-by-step explanation:
Two profit-oriented approaches to setting a price are:
A) Cost-plus pricing: This method involves calculating the total cost of producing a product and then adding a markup to cover desired profit.
B) Target pricing: With this approach, a company starts by determining the price that customers are willing to pay, and then works backwards to establish a target cost for the product.