Cost-oriented selling price per unit is obtained by adding a firm's desired profit per unit to the average total cost.
Answer the following statement true (T) or false (F)
True
Refer to Exhibit 18-7. Cost-oriented pricing requires an estimate of the total number of units to be sold. That estimate determines the average fixed cost per unit and thus the average total cost. The firm then adds the desired profit per unit to the average total cost to get the cost-oriented selling price.
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Mint entered the market in 2005 with comprehensive online money management systems that tells users what they are spending by aggregating financial information from online bank and credit card accounts. Today it has over 20 million users and is helping them manage over 3 billion USD in assets. It used which new entry strategy in 2005?
A. differentiated B. adaptive C. imitative D. pioneering
Enterprise application vendors are now including ________ features, such as tools for data visualization, flexible reporting, and ad-hoc analysis, as part of the application
A) social media B) PRM C) ERM D) SOA E) business intelligence
If a U.S. firm wishes to buy products from an overseas supplier, what would the firm use to guarantee payment on a certain date?
A) Currency exchange guarantee B) Letter of credit C) Brokerage service D) Banker's acceptance E) Security intermediary
A technique for filtering cost information within performance reports to managers in the organization at an appropriate level of detail or summarization is known as:
A. segment reporting. B. responsibility reporting. C. control reporting. D. managerial reporting.