Which of the Following Sites Would Most Likely Have Less

question 142

Multiple Choice

Which of the following sites would most likely have less dangerous volcanoes? A is on an island arc,B is in the Andes,C is near Hawaii,D is along a midocean ridge.

• A)A and B
• B)B and C
• C)C and D
• D)A and C
• E)B and D

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Definitions:

Standard Markup Pricing

Adding a fixed percentage to the cost of all items in a specific product class.

Cost-Oriented

A pricing strategy where the price of a product or service is determined by adding a profit margin to its production cost.

Profit-Oriented

Focused on achieving financial gain or maximizing profits as the primary goal of business operations.

Cost-Plus-Fixed-Fee Pricing

A pricing strategy where the selling price is determined by adding a fixed fee to the cost of the product or service, covering both the cost and a guaranteed profit margin.