To establish a reasonable,profitable price for service,the small business owner needs to know:
A) fixed and variable costs,the break-even point,and his/her contribution percentage.
B) competitors' prices,and costs of direct and indirect labor.
C) the cost of materials,direct labor,and overhead for each unit of service.
D) full-absorption costs,direct and indirect labor,and the break-even point.
Correct Answer:
Verified
Q47: _ costing includes only those costs that
Q48: Customers that sell small-ticket items frequently offer
Q49: For some customers,a higher price equals:
A)higher quality.
B)greater
Q50: When developing a marketing approach to pricing,business
Q51: Even in the short run,a small business
Q53: Uniform delivered pricing is a variation of:
A)opportunistic
Q54: In most cases,a _ pricing strategy is
Q55: Price wars usually begin when:
A)the economy is
Q56: Most service firms base their prices on:
A)fairly
Q57: The price that business owners set depends
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