Long-Run Pricing Decisions Include

question 50

Multiple Choice

Long-run pricing decisions include:

• A)adjusting product mix and output volume in a competitive market.
• B)pricing a one-time-only special order.
• C)pricing a product in a major market in which there is some leeway in setting price.
• D)None of the above.

---

Definitions:

Capital Investment

Funds spent by a company to acquire or upgrade physical assets, such as property, industrial buildings, or equipment, to improve its business capacity or efficiency.

Partnership Creditors

Individuals or entities to whom a partnership owes money or has some form of legal financial obligation.

Pro Rata

In proportion; according to the calculated share or division.

Apparent Authority

A situation in which a reasonable person would understand that an agent had authority to act, even if the agent did not have actual authority.