What Pricing Concept Is Used If All Costs Are Considered

question 141

Multiple Choice

What pricing concept is used if all costs are considered and a fair mark-up is added to determine the selling price?

• A) Total cost concept
• B) Demand-based concept
• C) Variable cost concept
• D) Fixed cost concept

---

Definitions:

Colored Silhouette

A form of artwork that uses outlines to depict figures or objects, filled with solid colors, creating a stark contrast with the background.

Relief

In sculpture, figures projecting from a background of which they are part. The degree of relief is designated high, low (bas), or sunken. In the last, the artist cuts the design into the surface so that the highest projecting parts of the image are no higher than the surface itself. See also repoussé.

Incised

Cut or engraved into a surface with sharp tools, a technique used in various forms of artwork and decoration.

Paleolithic Cave

Prehistoric caves inhabited or used by early humans, notable for containing some of the earliest known cave paintings and artifacts.