In target pricing, the target sales price is the ________
A) total product cost incurred in producing a product
B) net profit desired by the company
C) amount customers are willing to pay for a product or service
D) price calculated by deducting the desired profit from the total production cost
C
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Describe the earliest application of learning curve concepts to industry
What will be an ideal response?
A company has fixed costs of $900 and a per-unit contribution margin of $3. Which of the following statements is true?
A. The firm will definitely lose money in this situation. B. Once the break-even point is reached; the company will increase income at the rate of $3 per unit. C. The situation described is not possible and there must be an error. D. Each unit "contributes" $3 toward covering the fixed costs of $900. E. Each unit "contributes" $3 toward covering the fixed costs of $900 and once the break-even point is reached, the company will increase income at the rate of $3 per unit.
Courts tend to resolve ambiguities in limited partnership agreements against the general partners
Indicate whether the statement is true or false
In ______ plans, the employer allocates a certain amount of money to each employee and lets the employee spend that money for benefits that suit him or her.
A. cafeteria B. fixed-benefit C. estate D. profit-sharing E. saving