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Cost Accounting A Managerial Emphasis Study Set 1
Quiz 12: Pricing Decisions, Product Profitability Decisions, and Cost Management
When Prices Are Set in a Competitive Marketplace, Product Costs
Question 37
True False
When prices are set in a competitive marketplace, product costs are the most important influence on pricing decisions.
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Related questions
Q 38
Companies that produce high quality products do not have to pay attention to the actions of their competitors.
Q 39
Relevant costs for pricing decisions include manufacturing costs, but not costs from other value-chain functions.
Q 40
Profit margins are often set to earn a reasonable return on investment for short-term pricing decisions, but not long-term pricing decisions.
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