Figure 14-2 Above Represents the Four Approaches to Selecting an Appropriate

question 317

Multiple Choice

Figure 14-2 above represents the four approaches to selecting an appropriate price level."B" includes standard markup and cost-plus so it represents which approach?

• A)demand-oriented approach
• B)profit-oriented approach
• C)competition-oriented approach
• D)results-oriented approach
• E)cost-oriented approach

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Definitions:

Partnership Income

The total income earned by a partnership, distributed among partners according to the partnership agreement or ownership percentage.