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Natural Baking manufactures and Ebony racks for cooling cakes and pastry. The manufacturing cost for each rack is $ 4 0 . Natural Baking wants

Natural Baking manufactures and Ebony racks for cooling cakes and pastry. The manufacturing cost for each rack is $ $40 .$ Natural Baking wants to earn a $20 %$ profit on each rack. Which approach to pricing is Joe most likely to use?

Group of answer choices

Demand $-$ based pricing

Target costing

Cost $-$ plus pricing

Yield management pricing

Value pricing

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