Cost Accounting A Managerial Emphasis Study Set 1
Quiz 12: Pricing Decisions, Product Profitability Decisions, and Cost Management
Relevant Pricing Information for the Short-Run and Long-Run Should Be
Relevant pricing information for the short-run and long-run should be the same.
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The three major influences on pricing decisions are A)competition, costs, and customers. B)competition, demand, and production efficiency. C)continuous improvement, customer satisfaction, and a dual internal/external focus. D)variable costs, fixed costs, and mixed costs. E)economic, qualitative, and costs.
Pricing for one-time-only special orders is, typically A)a pricing decision using the time horizon. B)a short-run decision. C)a long-run decision. D)higher in variable costs than usual. E)based on fixed costs alone.
Target pricing is based on A)engineered cost. B)variable manufacturing and nonmanufacturing costs. C)full product cost. D)what customers are willing to pay. E)full manufacturing cost.
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