The Responsibility Report of Keith Parker,the Manager of One of the Divisions

question 75

Multiple Choice

The responsibility report of Keith Parker,the manager of one of the divisions of an auto parts manufacturing company,includes profits as well as return on investment and residual income.Keith is most likely the manager of a(n) ________.

• A) investment center
• B) profit center
• C) cost center
• D) revenue center

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Definitions:

Markup Pricing

A pricing strategy where a fixed percentage is added to the cost of a product to determine its selling price.

Price Sensitivity

The degree to which the price of a product affects consumers' purchasing behaviors, reflecting their responsiveness to price changes.

Shrinkflation

A business practice where the size or quantity of a product is reduced while its price remains the same or is increased, effectively elevating the price per unit.

Premium Juice Line

A range of high-quality, often organic or uniquely sourced, juice products positioned at the upper end of the market.