A Major Advantage of Average-Cost Pricing Is That It Assumes

question 98

True/False

A major advantage of average-cost pricing is that it assumes costs remain constant at different levels of output.

---

Definitions:

Labour Homogenization

The process by which the workforce becomes uniform or undifferentiated in skills, tasks, and wages, often due to automation or global labor practices.

Human Relations School

A theory in organizational management focusing on the importance of human factors and interpersonal relationships in the workplace.

Job Satisfaction

A measure of how content an individual is with their job, which can affect productivity and overall company morale.

Labour Market Segmentation

Labour market segmentation refers to the division of the labour market into distinct sub-groups, where different rules, wages, and opportunities apply, often based on factors like industry, occupation, age, or gender.