Match each item with the correct statement below.
-The practice of adding a percentage of specified dollar amount-or markup-to the base cost of a product to cover unassigned costs and to provide a profit is known as _____.
A)breakeven analysis
B)tariffs
C)unfair-trade laws
D)incremental-cost pricing
E)profit maximization
F)demand
G)value pricing
H)monopoly
I)elasticity
J)marginal
K)fair-trade laws
L)yield management
M)oligopoly
N)cost-plus pricing
O)full-cost pricing
P)supply
Q)marginal analysis
R)target-return objectives
S)market-share objectives
T)pure competition

Question

Quizplus · Accepted Answer

Cost-plus pricing is the practice of adding a percentage of a specified dollar amount, or markup, to cover unassigned costs and provide a profit.

Answer: O
 Full-cost pricing is a pricing method in which a company sets its prices based on the total costs it incurs in producing and delivering a product, including both fixed and variable costs.

Answer: M
 Oligopoly is a market structure in which a few large firms dominate the market and may collude to set prices or output levels.

Answer: Q
 Marginal analysis is a decision-making tool that involves analyzing the additional costs and benefits of a decision.

Answer: R
 Target-return objectives are pricing strategies in which a company sets its prices to achieve a specific target return on investment.

Answer: T
 Pure competition is a market structure in which many small firms compete against each other to sell a standardized product at a market-determined price.

Match Each Item with the Correct Statement Below