Setting prices by adding a "reasonable" markup to a firm's average cost is called
A. marginal analysis.
B. average-cost pricing.
C. add-on pricing.
D. break-even pricing.
E. target-return pricing.
Answer: B
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Which of the following is an important factor that affects dividend policies of companies around the world?
A. Language differences B. Tax structures C. Marketing campaigns D. Takeover threats E. Manufacturing process
The American economy is entirely market-directed.
Answer the following statement true (T) or false (F)
Ron says to Matt, "If you design and landscape my front lawn by the time I return from Paris next month, I will pay you $5,000." Matt does not respond but has the landscaping done by the time Ron returns. This is an example of a unilateral contract
Indicate whether the statement is true or false
Connie and her fellow union employees went out on strike when the company refused to meet the union's demands for higher wages and better benefits. Shortly thereafter, the company began hiring permanent replacement workers. After a hard eight-month
strike, the union and the company reached an agreement. When the strike was over, Connie was upset that she was not given her job back. The replacement worker that took over her job was retained. She believes she has a legal right to her job, especially since she was a faithful employee for over 20 years. Is Connie right? Explain.