In the Short Run,the Minimum Selling Price Should Be Equal

question 43

Multiple Choice

In the short run,the minimum selling price should be equal to ________.

• A)all variable costs of producing,selling and distributing the good or service
• B)all fixed costs of producing,selling and distributing the good or service
• C)all fixed and variable costs of producing,selling,and distributing the good or service
• D)all manufacturing costs

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Definitions:

Incongruent

Lacking harmony, consistency, or compatibility between aspects or elements.

Supply Objectives

Goals aimed at ensuring the efficient and effective procurement, management, and distribution of materials and products.

Corporate Strategy

The overall plan and direction of a company, focusing on achieving long-term business objectives and competitive advantage.

Supply Strategy

The planning and execution involved in securing the necessary resources and materials required to meet an organization's strategic goals.