Average-Cost Pricing

question 94

Multiple Choice

Average-cost pricing:

• A) May be very profitable if actual sales are higher than expected.
• B) May lose money for the firm if actual sales are less than expected.
• C) Does not take demand into account in setting prices.
• D) Is simple in theory but often fails in practice.
• E) All of these alternatives are correct.

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Definitions:

Autism

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted or repetitive patterns of thought and behavior.

Social Skills

The abilities necessary for successful social communication and interaction, including verbal and nonverbal communication.

Sensory Abilities

The capacities to receive and process information from the environment through sight, hearing, smell, taste, and touch.

Applied Behavior Analysis

A therapy based on the science of learning and behavior, which aims to improve socially significant behaviors.