This topic contains a solution. Click here to go to the answer

Author Question: Describe the three major pricing methods that firms employ.[br][br][b][color=green]Question ... (Read 100 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
Describe the three major pricing methods that firms employ.

Question 2

Goals are established for only one year at a time.
 
 Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pswine

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

Cost-based pricing is the simplest method of pricing. The seller determines the total cost of producing, or purchasing, one unit and then adds an amount to cover additional costs and profit. Demand-based pricing is based on the level of demand of the product and results in a high price when product demand is strong and a low price when demand is weak. Competition-based pricing is when a company considers costs and revenue secondary to competitors' prices.

Answer to Question 2

False



Mimi

  • Hero Member
  • *****
  • Posts: 542

Pswine

  • Sr. Member
  • ****
  • Posts: 328

 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

For a complete list of videos, visit our video library