Companies that perform in competitive markets using pricing approach are known as

A. independent revenue approach

B. market based approach

C. dependent revenue approach

D. cost based approach

Answer: Option B

Solution(By Examveda Team)

Companies that perform in competitive markets using pricing approach are known as market based approach. In the Market-Based Approach, the value of an asset is determined by comparing it with the market prices of recently sold similar sized assets in recent time period like a quarter.