An example of a demand-oriented approach to setting an approximate price is "prestige."
This is because a demand-oriented approach to setting an approximate price is focused on consumers' characteristics.
Demand-oriented approaches often consider the targeted consumers' characteristics, such as tastes, preferences, interests, etc.
Thus, prestige is known to be a factor of interest or perception relating to choice.
Hence, in this case, a good example of a demand-oriented approach to setting an approximate price is "prestige."
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