Companies That Are Considered Price-Setters Usually Employ the _________________ Approach

question 76

Multiple Choice

Companies that are considered price-setters usually employ the _________________ approach to pricing products.

• A)cost-plus pricing
• B)percentage pricing
• C)target costing
• D)cost plus one

---

Definitions:

Inventory

The total amount of goods and materials held by a company intended for sale or production.

Total Inventory Cost

Total inventory cost includes all costs associated with holding and managing inventory, such as purchasing, storing, and handling costs.

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs, among others.

Order Quantity

The amount of stock or goods a company purchases or plans to purchase in a single order.