Rather Than Emphasize Demand, Cost, or Profit Factors, a Price

question 262

Multiple Choice

Rather than emphasize demand, cost, or profit factors, a price setter can stress what __________ doing.

• A)the service sector is
• B)competitors are
• C)the global economy is
• D)suppliers are
• E)the financial markets are

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Definitions:

Cost of Services Account

An accounting category that includes all direct costs associated with the delivery of services, such as labor and materials.

Job Costs

The total expenses associated with a specific job or project, including labor, materials, and overhead, used for pricing and profitability analysis.

Job Cost Sheet

A document used to track the expenses associated with a specific job or project, including materials, labor, and overhead costs.

Cost Ledger

A subsidiary ledger containing all cost-related information, including direct and indirect costs ledgers, for a company.