FIGURE 12-2
-What price policy does the Rock and Roll Hall of Fame (Figure 12-2 above) use to set prices?
A)cost-plus
B)experience curve
C)standard markup
D)yield management
E)price lining

Question

FIGURE 12-2 
-What price policy does the Rock and Roll Hall of Fame (Figure 12-2 above) use to set prices?
A)cost-plus 
B)experience curve 
C)standard markup 
D)yield management 
E)price lining

Quizplus · Accepted Answer

The Rock and Roll Hall of Fame uses a cost-plus pricing policy, which means that it sets prices by adding a fixed markup to the cost of producing the product.

FIGURE 12-2 -What Price Policy Does the Rock and Roll Hall of Roll