_____ Is Most Often Used to Describe the Pricing of Services

question 55

Multiple Choice

_____ is most often used to describe the pricing of services that are nonroutine and difficult to "cost" in advance of their completion.

• A) Target cost pricing
• B) Rate-of-return pricing
• C) Bundle pricing
• D) Cost-plus pricing

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Definitions:

Contingency Approach

A management theory that suggests the best way to organize or lead is to design the structure and management of an organization based on the current internal and external environment.

Fears

Emotional responses to perceived threats or dangers, which can affect behavior and decision-making.

Negotiation And Agreement

A process where two or more parties discuss their differences with the aim of reaching a consensus or settlement without conflict.

Travel Budget

An estimation of the costs associated with planned travel, including transportation, accommodation, and other expenses.