Kevin Jackson Owns a General Contracting Company

question 57

Multiple Choice

Kevin Jackson owns a general contracting company. The way Kevin prices his services is to figure his cost and then add a 33 percent markup. The method that Kevin uses to determine his prices is called ________-based pricing.

• A) economic
• B) value
• C) competitive
• D) cost
• E) conformity

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Definitions:

Nature

The intrinsic physical and biological elements and processes of the environment.

Nurture

The process of caring for and encouraging the growth or development of someone or something.

Self-Esteem

An individual's sense of personal worth and competence, reflecting the overall evaluation of oneself.

Self-Efficacy

The belief in one's abilities to meet challenges effectively and understand when and how to use necessary skills.