Define cost-plus pricing. Why is it used so frequently? What are the drawbacks associated with using it?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Costplus pricing takes the cost and adds a desired profit margin It ...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Entrepreneurship & Small Business Management
ISBN: 978-0133767186
2nd edition
Authors: Steve Mariotti, Caroline Glackin
Question Posted:
Students also viewed these Management Leadership questions
-
What is negative assurance? Why is it used in a review engagement report?
-
What is a budget committee? Why is it used by some companies?
-
What are the drawbacks of using national production to measure economic development?
-
A quality improvement program has been instituted in an organization to reduce total quality costs. Discuss the impact of such a program on prevention, appraisal, and failure costs.
-
Using data sources from business publications and the Internet, discuss significant trends in both demand and supply in the copper industry that have influenced the price of copper since September...
-
A process is being developed to produce carbonated beverages. As part of this process, a wetted-wall absorption column 2.0 m long will be used to dissolve carbon dioxide (CO 2 ) gas into water. The...
-
Almost every patient in hospital is sent for laboratory investigation where sample collection is the foremost process. Based on laboratory test results, decisions about admissions, discharge and...
-
To support herself while attending school, Daun Deloch sold stereo systems to other students. During the first year of operations, Daun purchased the stereo systems for $140,000 and sold them for...
-
Maximize f = 3x + y subject to y 2x + y 6 6x + y 14 x 0, y 0. f =
-
a. Show the dimension EMPLOYEE (with all of its records) if the Type 1 option for handling slowly changing dimensions is applied. b. Show the dimension EMPLOYEE (with all of its records) if the Type...
-
What is the relationship between price and company image? Why is it important?
-
What is penetration pricing? Can you think of an example of a company that has used penetration pricing to introduce a new product? What firm is it and what is the example?
-
Find the first partial derivatives with respect to x, y, and z. H(x, y, z) = sin(x + 2y + 3z)
-
What are the three elements of assumption of risk?
-
True Or False If the market value of property does not provide adequate compensation because property has personal value to the plaintiff, the courts will look at the original cost of the property...
-
What have some courts done to mitigate the harshness of the contributory negligence doctrine?
-
Must a plaintiffs negligence add to or be concurrent with a defendant professionals negligence for the defendant to be relieved of liability?
-
True Or False Nominal damages put the plaintiff back to the position they were before the injury.
-
Evaluate the integral. It t cosht dt
-
A horizontal annulus with inside and outside diameters of 8 and 10 cm, respectively, contains liquid water. The inside and outside surfaces are maintained at 40 and 20oC, respectively. Calculate the...
-
The New York Times (March 16, 2009) reported that approximately 3% of the population of Washington, D.C., was living with HIV/AIDS. Search the Web for worldwide statistics that would put that number...
-
Visit the Web site for a U.S. state, or use another reliable source, to identify the antidiscrimination laws in that state. What form(s) of discrimination do they prohibit? When were they enacted? To...
-
Keep track of the direct opportunities to decide whether to act ethically/unethically and/or legally/illegally that arise during a 48-hour period. What, if anything, surprises you about the list?
-
What qualities and qualifications would you look for in employees for your business? List five and explain why they are the most important to you.
-
Wile E. Coyote has a plan to drop an anvil on the roadrunner. He is standing on a cliff 26.2 m above the ground where the roadrunner will run past. If the roadrunner runs at a constant 9.2 m/s. If...
-
Elouise calculates the price/earnings ratio for the two companies listed below as follows: Will Corp Kunze Corp Price/Earnings Ratio 15.50 29.06 Based on these ratios, which company is expected to...
-
Texas is big, and Texas is important. Big in the sense of size(second only to Alaska) and population (second only to California).And our problems are big: public education, public health,pollution,...
Study smarter with the SolutionInn App