Match Each Example to the Names (Used More Than Once)

question 39

Multiple Choice

Match each example to the names (used more than once) listed below.
-Tetracycline hydrochloride (not capitalized)

• A)Generic Name
• B)Chemical Name
• C)Trade Name

---

Definitions:

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Target Costing

A pricing method that involves determining a product's selling price and then subtracting desired profit to arrive at a target production cost.

Target Costing

A pricing strategy where the selling price of a product is determined first, and then the manufacturing cost is managed to meet that target price.

Price Control

Government or company policies aimed at regulating or setting prices for goods and services in a market.