A Service Business May Use Which of the Following Types

question 4

Multiple Choice

A service business may use which of the following types of pricing strategies?

• A) Competition
• B) Penetration
• C) Personalized
• D) All of the above
• E) None of the above

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Definitions:

Taxes Payable

Liabilities due to local, state, or federal tax authorities within the upcoming fiscal period.

Accrued Wages Expense

Costs incurred by a company for wages that have been earned by employees but have not yet been paid.

Annuity

A series of periodic cash receipts or payments that are equal in amount each interest period.

Consecutive Payments

Regular payments made in a series one after another, often referring to loan repayments or lease payments.