In Determining the Price of His Company's New Small-Business Accounting

question 99

Multiple Choice

In determining the price of his company's new small-business accounting software,Richard is assessing how much better his company's software is as compared to alternative products available in the market.Richard is using _______ pricing.

• A) cost-based
• B) improvement value
• C) reference-based
• D) cost of ownership
• E) market-based

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Definitions:

Brain Drain

The emigration of highly trained or intelligent people from a particular country, often due to lack of opportunities or political instability.

Human Capital

The economic value of a person's experience and skills, including education, training, intelligence, skills, health, and other things employers value.

Low-income Countries

are nations with a gross national income (GNI) per capita below a certain threshold defined by international institutions like the World Bank.

High-income Countries

Nations with a high gross national income per capita compared to other countries.