The Method of Setting Prices in Which Marketers Total All

question 121

Multiple Choice

The method of setting prices in which marketers total all the costs for the product and then add an amount to arrive at the selling price is called .

• A)target costing
• B)yield management pricing
• C)supply- based pricing
• D)demand- based pricing
• E)cost- plus pricing

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Definitions:

Credits

Refers to the accounting entries that increase liabilities or decrease assets, representing the opposite effect of debits in double-entry bookkeeping.

Liability Accounts

Accounts on a balance sheet that represent obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Stockholders' Equity Accounts

These accounts represent the owners' residual interest in the corporation's assets after deducting liabilities.

Credit Balances

Accounts within the accounting ledger that have a positive balance, indicating amounts owed to others.