Norah Is Interested in Developing Her Pricing Policy

question 5

Multiple Choice

Norah is interested in developing her pricing policy.She wants to make a policy for which of the following? 

• A)the price and timing of raw materials, and other goods and services necessary to build, sell, and support products
• B)how pricing will be determined for your products and services
• C)the level of compensation and benefits for each type of position in the business
• D)the process and timing in which obligations to pay for products and services sold will be billed and collected

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Definitions:

Condition Precedent

A condition that must be satisfied before a contract may come into effect.

Purchase Agreement

A legal document outlining the terms and conditions of a sale of property, including price and terms of payment.

Necessary Funds

are the essential monetary resources required to achieve a specific objective or to meet obligations.

Specific Performance

A legal remedy in which a court orders a party to perform a specific act, usually in accordance with a contract.