Vandelay Industries Manufactures a Range of Latex Products

question 1

Multiple Choice

Vandelay Industries manufactures a range of latex products. To set the price of its products, George, the CEO of Vandelay, calculates the total cost associated with the manufacturing of each product, then multiples that by 1.5 to get the sales price. Therefore, a product that cost $10 manufacture would sell for $15. Vandelay is using:

• A) cost-based pricing.
• B) invoice pricing.
• C) discount pricing.
• D) sales volume pricing.

---

Definitions:

Fertilizing Eggs

The process in which male gametes (sperm) fuse with female gametes (eggs) to initiate the development of a new organism.

Genetic Variation

Genetic variation is the diversity in gene frequencies, resulting from mutations, genetic recombination, and other sources, providing the material for evolution and adaptation in populations.

Asexual Reproduction

A mode of reproduction that does not involve the fusion of gametes, leading to offspring genetically identical to the parent.

Genetically Identical Offspring

Offspring that share the same genetic material, typically as a result of asexual reproduction.