Which of the Following Is a Characteristic That Distinguishes the Pricing

question 36

Multiple Choice

Which of the following is a characteristic that distinguishes the pricing decisions of nonprofit organizations from those of profit organizations?

• A)​Consumers are charged a monetary price but instead must absorb monetary costs.
• B)Their services are priced higher than the costs incurred.
• C)Their services are paid for by people who are better off financially.
• D)​Indirect payment is not a common practice in nonprofit organizations.

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Definitions:

Standardization

The process of implementing and developing technical standards based on the consensus of different parties to ensure that materials, products, processes, and services are appropriate for their purpose.

Spans

The extent or measure of something from end to end or the total distance across which something extends or covers.

Manufacturing

The process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.

Span Of Control

The number of employees supervised by a manager.