Escalator pricing and delayed-quotation pricing are demand-oriented pricing tactics
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
Escalator pricing and delayed-quotation pricing are cost-oriented pricing tactics. Escalator pricing is often used for extremely complex products that take a long time to produce. Delayed-quotation pricing is used for industrial installations and many accessory items.
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The halo effect ________ a form of stereotyping because ________.
A) is; it evaluates a person in a biased way B) is not necessarily; it evaluates a person in a positive way C) is; it evaluates a person in a positive way D) is not necessarily; it does not associate a person with a group
Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% rate of return on invested assets of $800,000. Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor
cost per unit 7.65 Variable factory overhead cost per unit 2.25 Variable selling and administrative cost per unit .90 The markup percentage on product cost for the company's product is: A) 23.4% B) 10.98% C) 26.1% D) 18%
Indicate the group of words or sentence with correct capitalization. Which is correct?
A) living in the midwest B) living in the Midwest
What questions should managers ask when choosing technology?
What will be an ideal response?