In a Competitive Market,a Supplier Will Use Which Type of Pricing

question 64

Multiple Choice

In a competitive market,a supplier will use which type of pricing approach?

• A) Cost plus.
• B) Target pricing.
• C) Target costing.
• D) Market price.

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Definitions:

One-Tail Test

A statistical test in which the region of rejection is on only one side of the sampling distribution, used to determine if a parameter is greater than or less than a certain value.

Two-Tail

Describes tests or intervals in statistics that consider extreme values in both tails of the distribution to test hypotheses or compute confidence intervals.

P-Value

The probability of observing data at least as extreme as the data actually observed, under the assumption that the null hypothesis is true.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, used as a starting point for statistical testing.