Cost-Based Prices ________

question 35

Multiple Choice

Cost-based prices ________.

• A) are one way of setting prices in a competitive market
• B) provide an inherit incentive for the producer to control costs
• C) pass the majority of risk to the buyer
• D) are required in all government contracts

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Definitions:

Shopping Products

Items for which the consumer compares several alternatives on criteria such as price, quality, or style.

Inexpensive

Not costing a lot of money; affordable.

Limited Availability

The condition of being available to consumers or users in restricted quantities or for a short time.