________ establishes a price based on the cost to manufacture a product or deliver a service
A) Value-based pricing
B) Fixed cost pricing
C) Cost-based pricing
D) A skimming price
E) Price bundling
C
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A server expects a group of poorly dressed customers to be stingy tippers and gives them poor service, so he gets the result that he expects, a very small tip. This is an example of
A. the halo effect. B. selective perception error. C. fundamental attribution bias. D. self-serving bias. E. a self-fulfilling prophecy.
The Finished Goods Inventory and Cost of Goods Sold for a manufacturing company for the year 20xx are as follows: January 1 Finished Goods Inventory, $382,500; December 31 Finished Goods Inventory, $270,000; Cost of Goods Sold for the year, $1,488,000 . The cost of goods manufactured for the year was
a. $1,105,500. b. $610,500. c. $1,150,500. d. $1,375,500.
Which of the following would not be included in overhead?
A) marketing costs B) property taxes on the factory C) factory utility costs D) deprecation on factory machinery
Legislation enacted in several provinces to protect franchisees usually require the franchisor to
A) file financial statements publicly B) list all past and current franchisees C) list all past and current lawsuits alleging deceptive business practices D) list the history of any bankruptcy or criminal records of their officers and directors E) all of the above