Which of the Following Statements Concerned with Pricing Is Not

question 47

Multiple Choice

Which of the following statements concerned with pricing is not true?

• A) Some entities may use an average cost that includes both fixed and variable costs for cost-based pricing.
• B) Cost-based prices are difficult to calculate.
• C) Where an entity is selling a unique product, it will set the price at the maximum amount bearable by the market.
• D) Market-based pricing is based on competition in the market place.

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Definitions:

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