Which of the Following Is/are Not True Regarding Pricing for Service

question 61

Multiple Choice

Which of the following is/are not true regarding pricing for service firms?

• A)A service firm must establish a price based on the materials used to provide the service, the labor employed, an allowance for overhead, and a profit.
• B)Most service firms base their prices on an hourly rate (usually actual hours), but sometimes standard hours are used.
• C)For most service firms, labor and profit comprise the largest portion of the cost of the service.
• D)None of the above

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Definitions:

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A leadership style focused on supervision, organization, and performance, where reward and punishment are used as key motivators.

Rewards for Effective Work

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The practice of steering clear of negative feedback that may not be constructive or helpful.