According to the text, the cost-plus-markup procedure
A) is the only sensible way to set prices.
B) is a sure-fire way to ruin a business.
C) is a general rule of thumb for price searchers.
D) can be practiced only by price takers.
C
You might also like to view...
Government can deal with externalities through the use of taxes and subsidies
a. True b. False Indicate whether the statement is true or false
What are private goods? Mention two important attributes of private goods.
What will be an ideal response?
Jim transfers money from his money market account to his savings account. This action
a. reduced M1 and increases M2. b. increases M1 and reduces M2. c. has no effect on M1 or M2. d. increases M1 and M2.
A benefit of deductibles and health savings accounts is that they
A. reduce the moral hazard problem associated with third-party payers. B. reduce the incomes of physicians. C. increase the quality of health care. D. reduce the use of expensive techniques for hopeless cases.