An internal issue to be considered when setting a price is
a. whether there is a sole source or heavy competition.
b. the life of the product or service.
c. a price geared toward a minimum return on investment.
d. whether there is seasonal demand or continual demand.
C
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Answer the following statements true (T) or false (F)
1) An outsourcing decision is a choice made by management about whether to make a component internally or buy it from an outside source. 2) A company should process its product further if the additional revenue from further processing exceeds the additional cost of further processing. 3) A company should process its product further if the additional processing generates higher sales revenues. 4) Airbolt Avionics makes aircraft instrumentation. Their basic navigation radio requires $140 in variable costs and requires $4,000 per month in fixed costs. If it processes the radio further to enhance its functionality, it will require an additional $20 per unit of variable costs and $300 per month in fixed costs. The marketing manager believes the sales price of the radio can be increased from $250 to $290. In making this decision, the amount of additional fixed costs per month is a relevant cost. 5) An operational asset used for a long period of time is known as a capital asset.
Damien, a first-year law student, offers his services to Mr. Jenkins to help draft his will. Mr. Jenkins agrees to Damien's offer, and promises to pay him $400 for his services. Damien completes the draft of the will
But when Damien goes to collect his payment, Mr. Jenkins refuses payment. Damien knew that he had no legal recourse to enforce the contract. What statute had Damien violated in his contract with Mr. Jenkins? A) revenue-raising statute B) regulatory licensing statute C) usury statute D) ratification statute
What is a product line?
a. Common product architecture b. Multiple variations of a product which adhere to the same design and are modified to suit different market niches c. The technology and workflow within a company d. The organization of the R&D team
The estimated price of a stock in the future is important because it includes the projected capital gain on the stock
Indicate whether the statement is true or false.