Companies Seeking to Make a Profit Must Recover the Full

question 74

Multiple Choice

Companies seeking to make a profit must recover the full costs associated with producing and marketing a service, and then add a margin sufficient to yield a satisfactory profit.This is known as:

• A)value-based pricing
• B)yield-based pricing
• C)marginal-cost pricing
• D)cost-based pricing
• E)activity-based pricing

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Definitions:

Cleavage

The tendency of a mineral to break along flat surfaces as determined by the mineral's crystal structure.

Silicate Mineral

Minerals that contain silicon and oxygen, and sometimes other elements, which make up the majority of the Earth's crust.

Known Minerals

Refers to substances with a definite chemical composition and crystalline structure that have been identified and cataloged by scientists.

Silicon Tetrahedron

A fundamental structural unit in silicate minerals, consisting of four oxygen atoms symmetrically arranged around a central silicon atom.