With Block Pricing,consumers Typically Pay a Price That

question 63

Multiple Choice

With block pricing,consumers typically pay a price that:

• A)reduces for additional quantities of output being purchased.
• B)remains the same regardless of the quantity purchased.
• C)is equal to the average cost of producing the output.
• D)increases for additional quantities of output being purchased.

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Definitions:

Return on Sales Ratio

A financial metric that measures the portion of a company's revenue that is converted into profit.

Net Income Before Taxes

The profit a company generates after all expenses have been deducted from revenues but before income taxes are subtracted.

Liquidity

The ability of an asset to be converted into cash quickly without losing value.

Asset Management

The method of creating, running, upkeeping, and marketing assets in an economical way.