Products Such as Light Bulbs, Canned Soft Drinks, and Ice

question 204

Multiple Choice

Products such as light bulbs, canned soft drinks, and ice cream sandwiches are usually priced using ______, which usually results in a ____.

• A)multiple-unit pricing; lower per unit price
• B)reference pricing; lower per unit price
• C)multiple-unit pricing; more convenient package
• D)bundle pricing; lower per unit price
• E)bundle pricing; more convenient pack

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Definitions:

Sole Proprietorship

A business structure where a single individual owns and operates the business, bearing full responsibility for its debts and obligations.

Hybrid Method

An accounting approach that combines elements of both the cash basis and accrual basis methods for financial reporting.

Deductible Expenses

Expenses eligible to reduce taxable income, subject to various tax rules and limitations.

Supplies Expenses

Costs incurred by a business for items that are used and consumed in the business operations, typically within a short period.