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