When a Seller Determines the Selling Price by Adding to Cost

question 101

Multiple Choice

When a seller determines the selling price by adding to cost an amount for profit and expenses not previously accounted for,the seller is using _____ pricing.

• A) profit maximization
• B) demand-oriented
• C) break-even
• D) target return
• E) markup

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Definitions:

Eadweard Muybridge

An English photographer important for his pioneering work in photographic studies of motion and early work in motion-picture projection.

Public Exhibition

The act of showing artworks, films, or other forms of creative output to the general public in galleries, theaters, or other accessible spaces.

Leland Stanford

An American industrialist, politician, and founder of Stanford University, known for his significant contribution to the development of the California railroad system.

Eadweard Muybridge

A groundbreaking photographer and inventor who significantly contributed to the development of motion pictures through his study of animal locomotion using sequential photographs.