To Establish a Reasonable,profitable Price for Service,the Small Business Owner

question 125

Multiple Choice

To establish a reasonable,profitable price for service,the small business owner needs to know:

• A)fixed and variable costs,the break-even point,and his/her contribution percentage.
• B)competitors' prices,and costs of direct and indirect labor.
• C)the cost of materials,direct labor,and overhead for each unit of service.
• D)full-absorption costs,direct and indirect labor,and the break-even point.

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Definitions:

Chest Compressions

A life-saving technique that involves pressing on the chest of someone who has had a cardiac arrest, to maintain blood circulation.

Code Situation

A term used in healthcare environments to indicate an emergency situation where immediate medical assistance is required, often specifying types like code blue for a cardiac arrest.

Pulse Checks

The act of palpating a pulse to determine heart rate and rhythm, typically performed at accessible arteries such as the wrist or neck.

Oral Airway

A medical device used to keep the airway open by preventing the tongue from covering the epiglottis.