Match Each Item with the Correct Statement Below

question 57

Multiple Choice

Match each item with the correct statement below.
-A pricing method that attempts to use only costs directly attributable to a specific output in setting prices is known as _____.

• A)breakeven analysis
• B)tariffs
• C)unfair-trade laws
• D)incremental-cost pricing
• E)profit maximization
• F)demand
• G)value pricing
• H)monopoly
• I)elasticity
• J)marginal
• K)fair-trade laws
• L)yield management
• M)oligopoly
• N)cost-plus pricing
• O)full-cost pricing
• P)supply
• Q)marginal analysis
• R)target-return objectives
• S)market-share objectives
• T)pure competition

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Definitions:

ISO 9000 Standards

A set of international standards on quality management and quality assurance developed to help companies effectively document the quality system elements needed to maintain an efficient quality system.

Consumer Products

Goods produced for personal use by consumers, including items like electronics, food, and clothing.

Manufacturing Cycle Efficiency (MCE)

Process (value-added) time as a percentage of throughput time.

Non-Value-Added Time

Time during which a product is not being directly added value to, such as wait or idle time, which does not contribute to the end value of the product.