Which of the following is true of long-run pricing?

[NguyenJ]

Question 1

Which of the following is regarded as a purpose of cost allocation?
◦ It helps in identifying the potential customers for a product.
◦ It provides the profit margin earned.
◦ It helps in maintaining decorum among managers.
◦ It provides information for economic decisions.

Question 2

Which of the following is true of long-run pricing?
◦ It is fixed at a level that recovers the variable cost of the company and a pre-determined profit markup.
◦ It is generally a function of the market factors and the cost involved in production is generally not a consideration.
◦ It is a strategic decision designed to build long-run relationships with customers based on stable and predictable prices.
◦ It is based only on internal requirements like cost and estimated rate of return as in the long run these requirements are the driving factors of any organization.

[cegalasso]

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[NguyenJ]

Thanks for the timely response, appreciate it

[Animal_Goddess]

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