_____ Is Most Often Used to Describe the Pricing of Services

question 55

Multiple Choice

_____ is most often used to describe the pricing of services that are nonroutine and difficult to "cost" in advance of their completion.

• A) Target cost pricing
• B) Rate-of-return pricing
• C) Bundle pricing
• D) Cost-plus pricing

---

Definitions:

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed in order to be enforceable.

Enforceable

Capable of being implemented or compelled to act in accordance with laws, rules, or agreements.

Lease

A contractual agreement by which one party conveys property, services, or land to another for a specified time, usually in return for a periodic payment.

Domestic Relationships

Interpersonal relationships that are characterized by a significant degree of personal intimacy or commitment, including family relationships and cohabitation.