In the _____, the Supplier Simply Takes Its Estimate of Costs

question 40

Multiple Choice

In the _____, the supplier simply takes its estimate of costs and adds a markup percentage to obtain the desired profit.

• A)margin pricing model
• B)cost markup pricing model
• C)total cost analysis model
• D)penetration pricing model
• E)revenue pricing model

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Definitions:

Alluvial Fan

A fan-shaped deposit formed where a fast-flowing stream flattens, slows, and spreads out sediment at the base of mountains.

Desert Varnish

A thin, dark coating found on the surfaces of rocks in arid environments, composed of clay minerals mixed with iron and manganese oxides.

Playa

A flat-bottomed desert basin that temporarily becomes a shallow lake after rainfall.

Alluvial Fan

A conical-shaped deposit of sediment, typically found at the base of mountain ranges, created as flowing water loses energy and drops its load of solids.