A __________ Approach Often Results in Changes to Pricing Based

question 245

Multiple Choice

A __________ approach often results in changes to pricing based on time,day,week,or season.

• A) skimming pricing
• B) bundle pricing
• C) yield management pricing
• D) target return on investment pricing
• E) standard markup pricing

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Definitions:

Control Accounts

Summary accounts in the general ledger that consolidate the details recorded in subsidiary ledgers.

General Ledger

A complete record of all financial transactions over the life of a company.

Accounting Information System

A system designed to collect, store, manage, process, retrieve, and report financial data for business operations.

General Ledger

The primary accounting record of a company that uses double-entry bookkeeping, summarizing all transactions over a period.