When Cost-Based Pricing Is Employed and Mark Up Is Based

question 24

Multiple Choice

When cost-based pricing is employed and mark up is based on manufacturing costs, the mark up must be sufficiently large enough to:

• A)cover selling expenses.
• B)cover administrative expenses.
• C)provide for the desired profit.
• D)accomplish all of the above.

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Definitions:

Dissociative Amnesia

A disorder characterized by the inability to recall important personal information, usually of a traumatic or stressful nature, that cannot be explained by ordinary forgetfulness.

Stress Response

The body's reaction to perceived threats or challenges, involving physiological and psychological adaptations to cope with stress.

Sympathetic Nervous System

A branch of the autonomic nervous system that activates what is often termed the fight or flight response during times of stress.

Central Nervous System

Comprises the brain and spinal cord, responsible for processing and sending messages throughout the body.