cost concepts are important in pricing decisions: total cost,fixed cost,variable cost,marginal cost,and __________.
A) dividend cost
B) liquidity cost
C) discretionary cost
D) unit variable cost
E) elastic cost

Question

Quizplus · Accepted Answer

Unit variable cost is an important cost concept in pricing decisions as it refers to the cost of producing one additional unit of a product or service. By understanding the unit variable cost, a company can determine how much it needs to charge for each unit sold in order to cover its costs and make a profit.

Cost Concepts Are Important in Pricing Decisions: Total Cost,fixed Cost,variable