The ________ Pricing Strategy Means Adding Up All the Costs

question 67

Multiple Choice

The ________ pricing strategy means adding up all the costs involved,such as material,labor,rent,overhead,and so forth,and adding a percentage mark-up as profit.

• A) cost-plus
• B) competitor model
• C) revenue markup
• D) price percentage

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Definitions:

Primary Factors

The main or most important elements or conditions that contribute to a certain result or situation.

Mechanistic Organizations

Highly structured and formal organizations with clear hierarchies, roles, and rigid procedures, often seen in stable environments.

Organic Organizations

Describes organizations that are flexible, adaptable, and emphasize horizontal communication; they typically thrive in dynamic environments.

Impersonality

The quality of being devoid of personal feelings or characteristics, often leading to a detached or formal atmosphere.