The Simplest Pricing Method Is ________ Pricing

question 59

Multiple Choice

The simplest pricing method is ________ pricing.

• A) value-based
• B) fixed cost
• C) cost-plus
• D) target return
• E) competition-based

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Definitions:

Master Budget

A comprehensive financial plan made up of various individual budgets that outline a company's sales, production, and financial goals.

Raw Materials

Basic materials that are used in the manufacturing process to create finished goods.

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been sold.

Direct Labor

The wages and other compensation paid to workers who are directly involved in the production of goods or services.