The Major Purpose of Certified Cashier's Checks Is to Make

question 48

True/False

The major purpose of certified cashier's checks is to make the bank primarily liable,so third parties will be more willing to accept the checks.

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Definitions:

Experience-curve Pricing

A pricing strategy based on the idea that costs per unit decrease with increasing scale of production due to gained efficiencies and experience.

Cost-plus-percentage-of-cost Pricing

A pricing strategy where the selling price is determined by adding a specific percentage of profit margin to the total cost of the product or service.

Target Profit Pricing

is a pricing strategy where the price is set based on a desired profit margin added to the cost of the product.

Target Return-on-investment Pricing

This is a pricing strategy aiming to meet a specified return on investment, tailored to match or exceed company goals.