With Regard to Bid Pricing,a Marketing Manager Should Be Aware

question 212

Multiple Choice

With regard to bid pricing,a marketing manager should be aware that ______.

• A) the same overhead charges and profit rates usually apply to all bids
• B) bids are usually based on inspection
• C) a big problem is estimating all the costs-including the variable and fixed costs that apply to a particular job
• D) e-commerce is of little use in bid pricing
• E) a company should always submit the lowest possible bid price

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Definitions:

Excise Tax

A tax applied to specific goods, services, or activities, often with the intention of reducing consumptions, such as taxes on tobacco or alcohol.

Tax Incidence

The study of who ultimately bears the economic burden of a tax, whether producers or consumers.

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in its price.

Excise Tax

A tax levied on the sale of particular goods and services, such as alcohol, tobacco, and gasoline.