Which of the Following Is an Internal Factor That Affects

question 28

Multiple Choice

Which of the following is an internal factor that affects pricing decisions in a company?

• A) the nature of the market
• B) the degree of inflation in the economy
• C) the overall marketing strategy of the company
• D) the forces of demand and supply in the market
• E) consumers' perception of value

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Definitions:

Costs Accounted For

Total costs that have been recognized and recorded within a specific accounting period.

Ending Work in Process Inventory

The value of partially completed goods at the end of an accounting period.

Weighted-Average Methods

An inventory costing method that assigns an average cost to each unit, based on the weighted average of the costs of the goods available for sale.

Direct Labor Costs

Direct labor costs are the wages and other benefits paid to employees who are directly involved in the production of goods or services.