The __________ Equation = (Unit Price × Quantity Sold) -

question 197

Multiple Choice

The __________ equation = (Unit price × Quantity sold) - Total cost.

• A)total revenue
• B)variable cost
• C)net present value
• D)profit
• E)break-even point

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Definitions:

Demand-oriented

A pricing strategy where the price is set based on consumer demand, often adjusting prices in response to market conditions.

Target Pricing

A pricing strategy in which the selling price of a product is determined based on the desired profit margin and market conditions.

Ultimate Consumers

The end users who purchase products or services for personal use and not for manufacturing or resale purposes.

Odd-even Pricing

A pricing strategy that involves setting prices just below a round number, e.g., $99.99 instead of $100, to make a product seem less expensive.