Which of the following bases for pricing is most commonly used by retailers?
A. Negotiated pricing
B. Markup pricing
C. Demand-based pricing
D. Cost-plus pricing
E. Differential pricing
Answer: B
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Rent, electricity, and executive salaries that do not vary with production or sales level are referred to as ________ costs
A) fixed B) variable C) break-even D) target E) promotional
Cornel and Deanna resolve their dispute over the subsidence of Cornel’s real property due to Deanna’s excavation for an irrigation pond by having a neutral third party render a binding decision. This is
A. arbitration. B. conciliation. C. intervention. D. rendition.
The owner of Khan Chemicals sees employee John steal $10 from a company cash register. John has never been in trouble at work before. The employer
A) can fire John without payment because stealing is a fundamental breach of the employment relationship B) cannot fire him but must use progressive discipline C) can fire him and will be able to pay a lesser amount of common-law notice because of the stealing D) can fire him and will only have to pay compensation based on statutory notice because of the stealing E) both C and D
Mayflower, Inc. provided the following for 2017:
Cost of Goods Sold (Cost of sales) $1,100,000 Beginning Merchandise Inventory 300,000 Ending Merchandise Inventory 630,000 Calculate the average merchandise inventory held by Thomas, Inc during the year. A) $930,000 B) $465,000 C) $300,000 D) $630,000