Which of the Following Represent Elements of Step 2 of the Price-Setting

question 143

Multiple Choice

Which of the following represent elements of Step 2 of the price-setting process?

• A)profit, market share, and survival
• B)estimation of demand, sales revenue, and price elasticity
• C)cost estimation, marginal analysis, and break-even analysis
• D)demand for the product class and brand, newness of the product, and competition
• E)market segmentation, targeting, and positioning

---

Definitions:

Transferred Out

Refers to costs or goods that have been moved from one process or department to another in the production process.

Conversion Costs

Costs involved in converting raw materials into finished goods, typically consisting of labor and overhead expenses.

Units Transferred Out

In process costing, refers to the number of units moved from one production process to another, or to the finished goods inventory.

Ending Work In Process

The value of products partially completed by a business at the end of an accounting period.