Match the following statements to the appropriate terms.

1.A system that sets prices based on costs.

2.A system that prices based on the laws of supply and demand.

3.A system that charges customers for the services they consume.

4.A way of using activity-based methods to assess which customers are covering the costs they are generating.

5.A system that starts with what consumers are willing to pay for a product and tries to design a product at a cost that allows a reasonable profit.

Activity- based Pricing

Customer profitability analysis

Target costing

Economic Pricing

Cost-Plus Pricing