A Limitation of Revenue-Oriented Pricing Is That

question 21

Multiple Choice

A limitation of revenue-oriented pricing is that

• A) it does not focus on maximizing the surplus of income over costs.
• B) it cannot be used by manufacturing companies.
• C) determining costs can be difficult for many services.
• D) the profit goals of a company are not taken into account.

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Definitions:

Unionization

The process by which workers join together to form a union in order to collectively bargain with their employer regarding wages, benefits, and working conditions.

Essential Services

Services deemed crucial for public welfare that cannot be interrupted, like healthcare and public transport, often subject to special labor relations rules regarding strikes.

Labor Market

The arena in which workers seek employment and employers seek workers, governed by the forces of supply and demand for labor.

National Labor Federation

An organization or association that represents multiple labor unions at a national level, coordinating actions and policies.