The Most Common Cost-Based Approach to Pricing Is ________

question 92

Multiple Choice

The most common cost-based approach to pricing is ________.

• A)demand-based pricing
• B)psychological pricing
• C)yield management pricing
• D)cost-plus pricing
• E)cost-minus pricing

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Definitions:

Salaries

Payments made to employees for their services, typically expressed in terms of annual amounts but paid in installments like weekly or monthly.

Capital Balances

The amount of money invested in a business by its owners or shareholders, shown on a company's balance sheet.

Net Income

The total profit of a company after all expenses have been deducted from revenue, indicating the company's financial performance in a given period.

Income Ratio

A financial metric comparing two aspects of a company's income, often used to assess financial health or operational efficiency.