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

Business

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Answer the following statement true (T) or false (F)

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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.

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