Business

Business, 23.07.2019 05:00, kamarihemingway9822

Determining cost, volume, and profit relationships would occur during which stage of the price-setting process?

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Business, 25.07.2019 21:30, 24nelsoaddh

There are six steps in setting price: (1) identify pricing objectives and constraints; (2) ; (3) determine cost, volume, and profit relationships; (4) select an approximate price level; (5) set list or quoted price; and (6) make special adjustments to the list or quoted price.

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Cost-volume-profit analysis is a precise tool for determining the profit consequences of future cost changes, price changes, and volume of activity changes. a. true b. false

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What is target costing? a. designing a product, then determining its cost and price b. basing price on customer perceptions of cost c. pricing products without any consideration to costs d. setting acceptable costs and then setting the price e. setting a price and then setting costs that will ensure that the price is met

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