Bennett Has Entered into a Contract with the Federal Government

question 35

Multiple Choice

Bennett has entered into a contract with the federal government to design a computer simulation model for training helicopter pilots. The contract calls for the final price to be set at a fixed percentage profit over and above her cost of production. This seems to represent a

• A) cost-based pricing strategy.
• B) supply and demand formula.
• C) demand-based pricing strategy.
• D) price leadership pricing strategy.

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Definitions:

Regression

A reversion to immature patterns of behavior.

Collective Unconscious

A term coined by Carl Jung referring to the part of the unconscious mind that is derived from ancestral memory and experience and is common to all humankind.

Levels of Awareness

The different stages or degrees of consciousness in which an individual has varying accessibility to thoughts, feelings, and perceptions.

Collective Unconscious

A concept in psychology proposed by Carl Jung, referring to the part of the unconscious mind that is derived from ancestral memory and experience, shared among beings of the same species.