Which of the Following Are Elements of Determining Cost,volume,and Profit

question 204

Multiple Choice

Which of the following are elements of determining cost,volume,and profit relationships in the price-setting process?

• A)objectives and constraints
• B)estimation of demand,sales revenue,and price elasticity
• C)cost estimation,marginal analysis,and break-even analysis
• D)demand for the product class and brand,newness of the product,and competition
• E)market segmentation targeting,and positioning

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Definitions:

Six Sigma

A set of management techniques intended to improve business processes by vastly reducing the probability that an error or defect will occur.

European Economic Community

A regional organization aimed at achieving economic integration among its member countries, precursor to the European Union.

Production Planning

Phase of production control that determines the amount of resources (including raw materials and other components) a firm needs in order to produce a certain output.

Resources Needed

Refers to the essential inputs or supplies required to operate a business, execute a project, or achieve an organizational goal.