The Method of Setting Prices in Which Marketers Total All

question 41

Multiple Choice

The method of setting prices in which marketers total all the costs for the product and then add an amount to arrive at the selling price is called ________.

• A) supply-based pricing
• B) target costing
• C) cost-plus pricing
• D) yield management pricing
• E) demand-based pricing

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Definitions:

Global Harmonized System

A worldwide initiative to promote standard criteria for classifying and labeling chemicals according to their health, physical, and environmental hazards.

Hazard Communication System

A system required by law to communicate chemical hazards in the workplace through standardized labels and safety data sheets.

Wood

The hard, fibrous structural tissue found in the stems and roots of trees and other woody plants, used as a material for construction, paper, and fuel.

Respiratory Conditions

A category of diseases that affect the lungs and breathing, such as asthma or chronic obstructive pulmonary disease (COPD).