In Government Contracts,product Costs Include

question 17

Multiple Choice

In government contracts,product costs include:

• A)manufacturing costs only.
• B)design costs plus manufacturing costs.
• C)all costs incurred along the value chain.
• D)distribution costs only.
• E)production costs only.

---

Definitions:

Predatory Pricing

The practice of selling a product or service at a very low price with the intent of driving competitors out of the market or creating barriers to entry for potential new competitors.

Meeting-The-Competition Defense

A legal defense allowing a business to justify certain behaviors, such as price fixing, by proving they were necessary to meet a competitor's prices.

Per Se Defense

A legal argument that, if proven, is sufficient by itself to defend the position of the defendant without the need for further evidence.

Exclusive-Dealing Contract

An agreement in which a seller requires that a buyer buy products supplied only by that seller.