All of the Following Are Benefits to Be Stressed During

question 75

Multiple Choice

All of the following are benefits to be stressed during the promotion of services EXCEPT:

• A)price.
• B)consistent quality.
• C)location.
• D)availability.
• E)efficiency.

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Definitions:

Variable Cost Concept

The principle stating that costs change in proportion to changes in volume of activity or production.

Cost-Plus Approach

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost price to cover overheads and profit.

Markup

The amount added to the cost of a product or service to arrive at a selling price.

Variable Cost Concept

An accounting principle that refers to costs that change in proportion to the level of activity or volume of production.