Joe Bergerson Makes and Sells Maple Racks for Cooling Cakes

question 94

Multiple Choice

Joe Bergerson makes and sells maple racks for cooling cakes and cookies. Joe knows that it costs $15 to make one rack, and he wants to earn a 25 percent profit on each rack. Which approach to pricing is Joe most likely to use?

• A) demand-based pricing
• B) target costing
• C) cost-plus pricing
• D) yield management pricing
• E) value pricing

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Definitions:

Health Disparities

Differences in health outcomes and access to healthcare services among different population groups, often influenced by socioeconomic factors, race, and ethnicity.

Health Care Interventions

Health Care Interventions are actions taken by healthcare professionals or public health agencies to prevent disease, promote health, and improve quality of life among the population.

Ethnic Upward Mobility

The process by which individuals or groups from a specific ethnicity achieve higher socioeconomic status or success.

Projections

In psychology, the defense mechanism by which individuals ascribe their own unwanted feelings, thoughts, or traits to someone or something else. In general, could also refer to estimates or forecasts about future events based on current trends.