What are the four pricing rules managers must follow to stay in business?
For an organization to stay in business, its selling price must
1. be competitive with the competition's price.
2. be acceptable to customers.
3. recover all costs incurred in bringing the product or service to market.
4. return a profit.
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Describe one benefit of using a call-back device
The use of transfer pricing encourages accountability for seller-customer relationships
Indicate whether the statement is true or false
Which organizational structure can lose sight of overall organizational goals and the latest development in the environment?
a. Functional b. Product/Divisional c. Matrix d. Hybrid
To create an aggregate plan, a company must specify the planning horizon for the plan and the duration of each period within the planning horizon
Indicate whether the statement is true or false.