A Practical Approach Which Is Frequently Used by Managers When

question 131

Multiple Choice

A practical approach which is frequently used by managers when setting normal long-run prices is the:

• A) cost-plus approach
• B) economic theory approach
• C) price graph approach
• D) price skimming

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Definitions:

Macro

Refers to a large-scale perspective in various disciplines, focusing on the structure and behavior of systems as a whole rather than individual components.

Global Levels

Pertains to the scope or scale of processes, phenomena, or measurements that extend across the entire world, impacting or involving multiple countries and populations.

First Woman Sociologist

Harriet Martineau, often regarded as the first female sociologist, who made significant contributions to the field with her writings and translations of Comte's work.

Marianne Weber

A prominent German sociologist and women's rights activist, known for her works on marriage, family, and social economics, and as the wife of Max Weber.