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:

Chair Conformation

A specific three-dimensional geometric shape of cyclohexane that minimizes strain, resembling a chair, and is the most stable and common conformation due to its staggered arrangement of bonds.

Alternative Hypothesis

The hypothesis in a statistical test that proposes a difference or effect, contrasted with the null hypothesis.

Friedman Test

A statistical test that does not rely on parameter distributions to identify variations in treatments across several trials.

Population Locations

The geographical distribution of individuals or entities within a defined area or group being studied.