Putting Service Pricing into Practice Includes Thinking of All the Following

question 21

Multiple Choice

Putting service pricing into practice includes thinking of all the following questions EXCEPT ____________.

• A) What should be the specified basis for pricing?
• B) How much to charge?
• C) What kind of customers should be charged more?
• D) Who should collect payment?
• E) When should payment be made?

---

Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales activities within a certain range or period.

Break-even Point

The production level or sales volume at which total revenues equal total expenses, leading to no profit or loss.

Unit Variable Cost

The cost that varies with each unit produced, including direct materials and labor, but does not include fixed costs.

Property Tax Rates

The percentage of a property's assessed value that is charged as tax by local governments to fund public expenses.