If Price Is Determined as a Multiple of Costs, Then

question 53

Multiple Choice

If price is determined as a multiple of costs, then a firm is using

• A)cost plus pricing.
• B)product line extension pricing.
• C)peak-load pricing.
• D)marginal cost pricing.

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Definitions:

Active Listening

A communication technique that involves giving full attention, reflecting, paraphrasing, and summarizing what is heard to ensure understanding.

Keeping Arms Crossed

A body language gesture that can indicate defensiveness, self-protection, or discomfort, but can also simply be a comfortable resting position for some.

Communication Technique

Strategies or methods used to convey information effectively and efficiently between people.

Empathy

The ability to understand and share the feelings of another.