Which of the Following Pairs Are Characteristics of Price-Setters

question 57

Multiple Choice

Which of the following pairs are characteristics of price-setters?

• A)Less competition and target costing
• B)Cost-plus pricing and less competition
• C)Lack of product uniqueness and heavy competition
• D)Less competition and lack of product uniqueness

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Definitions:

Net Income

The amount of money left over after all expenses and taxes have been subtracted from total revenue.

Units

Units refer to the individual components or quantities of a product, investment, or other items that are counted or measured.

Month

A unit of time, roughly based on the period of the Moon's orbit around Earth, traditionally used to measure durations of approximately 30 days.

Break Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain.