Match Each Word or Phrase That Follows with the Term

question 33

Short Answer

Match each word or phrase that follows with the term (a-e) it describes.
-Sets the price based on product demand
A)Demand-based method
B)Competition-based method
C)Product cost method
D)Target costing method
E)Production bottleneck

• A)Demand-based method
• B)Competition-based method
• C)Product cost method
• D)Target costing method
• E)Production bottleneck

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Definitions:

Informal Rule Making

A regulatory process where governing bodies develop and issue rules or regulations without engaging in formal procedures such as public hearings.

Notice-and-Comment

A procedure required by law whereby a government agency must publish a proposed rule and allow the public to comment on it before it becomes enacted.

Hybrid

Anything that combines two different components, systems, or technologies to create something that has elements of both, often with an aim to gain specific advantages.

Federal Independent Agencies

Agencies that exist outside of the federal executive departments (those headed by a Cabinet secretary) and are designed to enforce and regulate specific matters.