Pricing Is Not Designed to Cover Total Costs but to Maximize

question 26

True/False

Pricing is not designed to cover total costs but to maximize total contribution-that  is, unit price minus unit variable costs.

---

Definitions:

American Society

A phrase indicating the societal organization, traditional beliefs, and group identity of the United States.

Americans with Disabilities Act

A civil rights law that was enacted in 1990 in the United States, prohibiting discrimination based on disability in areas such as employment, public accommodations, and transportation.

Discriminatory Hiring Practices

Employment procedures that unfairly favor or exclude candidates based on attributes unrelated to job performance, such as race, gender, or age.

Persian Gulf War

A conflict (1990-1991) between Iraq and a coalition of countries led by the United States to liberate Kuwait from Iraqi annexation.