A cost-based price is a good starting point, but once a cost-based price has been determined what other factors should be considered before finalizing a selling price?
Once a cost-based price has been determined, the decision maker must also consider such factors as competitors' prices, customers' expectations, and the cost of substitute products and services.
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Harry, a human resource executive at SWR Inc., wants to conduct a job evaluation so that all employees within the organization are compensated fairly. However, his manager thinks the evaluation process will be a waste of time and other resources. What reasons can Harry provide to convince and persuade his manager?
What will be an ideal response?
Which of the following is a highly suspicious financial statement relationship?
a. Increased revenues with increased cash flows b. Increased volume with decreased cost per unit c. Increased inventory with decreased payables d. Increased inventory with increased warehousing costs
Performance measures need not be correlated with the mission of a subunit
Indicate whether the statement is true or false
An appliance, television, and stereo dealer serves as an authorized repair center, provides maintenance contracts, and sells essential supplies to customers. What types of channel functions are being implemented by this dealer?
What will be an ideal response?