The Three Categories of Pricing Objectives for Services Are

question 95

Multiple Choice

The three categories of pricing objectives for services are:

• A) sales-,quality-,and location-oriented
• B) quality-,value-,and consumer-oriented
• C) revenue-,operations-,and patronage-oriented
• D) turnover-,volume-,and capacity-oriented
• E) equity-,cost-,and revenue-oriented

Understand the evaluation process in the training cycle and its role in identifying further training needs.

Recognize various training methods and their appropriateness according to the training objectives and context.

Identify the role of technology and specific training methods like vestibule training in employee skill development.

Explain the benefits of cross-training in providing job variety and flexibility in task assignments.

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Definitions:

Inventory Account

An account used to track the cost of goods available for sale or use, including items purchased for resale, raw materials, work-in-process, and finished goods.

Debit Balance

An accounting entry that occurs when the total of debits in an account exceeds the total of credits, which is common in asset and expense accounts.

Gross Profit

The financial measure obtained by subtracting the cost of goods sold from revenue.

Repossessed Inventory

Goods taken back by a seller or lender from the buyer, typically due to failure to make required payments.