{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-14T00:06:59-04:00", "answer_date": "2024-09-14 00:06:59", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10721477", "url": "\/study-help\/questions\/4-23-t-f-when-making-normal-or-traditional-pricing-10721477", "question_creation_date_js": "2024-09-14T00:06:59-04:00", "question_creation_date": "Sep 14, 2024 12:06 AM", "meta_title": "[Solved] 4. 23. T, F. When making normal or tradit | SolutionInn", "meta_description": "Answer of - 4. 23. T, F. When making normal or traditional pricing decisions, the prices established for the products must cover t | SolutionInn", "meta_keywords": "4,23,making,normal,traditional,pricing,decisions,prices,established,products,cover,total", "question_title_h1": "4. 23. T, F. When making normal or traditional pricing decisions, the prices established for the products must cover total costs plus mark-ups. 24. T,", "question_title": "4. 23. T, F. When making normal or traditional pricing decisions, the", "question_title_for_js_snippet": "4 23 T, F When making normal or traditional pricing decisions, the prices established for the products must cover total costs plus mark ups 24 T, F When using target costing model of pricing, the expected selling price should include desired profit 25 T, F In a decision to accept a special offer by an outside contractor, the company should only accept the offer if in its analysis, incremental revenue is greater than incremental cost 26 T, F In a special order decision by a service company, to accept or reject the offer will depend on its pricing method which should hide its desired profit in its materials and overhead costs 27 T F Under value based pricing, the price of the product is set based on what the customer will be willing to pay without reducing the demand for the product 28 T F Under the dynamic pricing approach, price of a product is established based on changing market conditions or customer demands because prices go up during peak periods and down during slow periods 29 T, F Under the auction based pricing method, the price is established based on what potential users bid for the product I 30 Decision making is scientific when a A problem is defined b Alternative ways of solving the problem are listed and evaluated The alternative ways are narrowed to two or three Achnire le made defended and implemented C", "question_description": "
\"image <\/div> <\/div> 4. 23. T, F. When making normal or traditional pricing decisions, the prices established for the products must cover total costs plus mark-ups. 24. T, F. When using target costing model of pricing, the expected selling price should include desired profit. 25. T, F. In a decision to accept a special offer by an outside contractor, the company should only accept the offer if in its analysis, incremental revenue is greater than incremental cost. 26. T, F. In a special order decision by a service company, to accept or reject the offer will depend on its pricing method which should hide its desired profit in its materials and overhead costs. 27. T. F. Under value-based pricing, the price of the product is set based on what the customer will be willing to pay without reducing the demand for the product. 28. T. F. Under the dynamic pricing approach, price of a product is established based on changing market conditions or customer demands because prices go up during peak periods and down during slow periods. 29. T, F. Under the auction-based pricing method, the price is established based on what potential users bid for the product. I 30. Decision making is scientific when: a. A problem is defined b. Alternative ways of solving the problem are listed and evaluated The alternative ways are narrowed to two or three Achnire le made defended and implemented C", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-14 00:06:59", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/theory-of-probability\/23-urn-1-contains-5-white-and-6-black-balls-2009685", "description": "23. Urn 1 contains 5 white and 6 black balls, while urn 2 contains 8 white and 10 black balls. Two balls are randomly selected from urn 1 and are then put in urn 2. If 3 balls are then randomly...", "stars": 0 }, { "url": "\/northeast-general-a-large-hospital-in-providence-rhode-island-has", "description": "Northeast General, a large hospital in Providence, Rhode Island, has initiated a new procedure to ensure that patients receive their meals while the food is still as hot as possible. The hospital...", "stars": 3 }, { "url": "\/study-help\/questions\/4-23-t-f-when-making-normal-or-traditional-pricing-10721477", "description": "4. 23. T, F. When making normal or traditional pricing decisions, the prices established for the products must cover total costs plus mark-ups. 24. T, F. When using target costing model of pricing,...", "stars": 3 }, { "url": "\/study-help\/questions\/economic-systems-graphic-organizer-as-you-listen-to-the-video-3926814", "description": "Economic Systems Graphic Organizer As you listen to the video tutorials in this lesson. complete this graphic organizer by answering the following questions: How do economic systems answer the basic...", "stars": 3 }, { "url": "\/study-help\/questions\/provide-3-facts-per-domain-pahcom-domains-1risk-management-2human-5732058", "description": "Provide 3 Facts per Domain (PAHCOM DOMAINS) 1.Risk Management 2.Human Resources 3.Finance 4.Contract Management 5.Business Management 6.Technology and Data Management 7.Clinical Performance Reporting...", "stars": 3 }, { "url": "\/study-help\/questions\/1-point-let-consider-the-equation-u-84i-v18i-999783", "description": "(1 point) Let Consider the equation u = 84i, v=1+8i, w=-3+1i. ux + v = w. Solve it for x using exactly the same ideas we used for solving linear equations with real coefficients. Ask what bothers...", "stars": 3 }, { "url": "\/study-help\/questions\/4-the-number-of-daily-visitors-to-the-famous-bondi-1003807", "description": "4. The number of daily visitors to the famous 'Bondi Beach' in Sydney, Australia, and the daily temperature on those days, were recorded for eight days in February. The table below shows this data...", "stars": 3 }, { "url": "\/study-help\/questions\/unicap-company-is-opening-its-doors-to-investors-and-shared-1006340", "description": "Unicap Company is opening its doors to investors and shared the following prospective financial information: 2021 2022 2023 2024 Revenues 10,000,000 12,000,000 14,000,000 15,000,000 Cost of Goods...", "stars": 3 }, { "url": "\/study-help\/questions\/with-complete-solution-please-and-explanation-management-of-the-new-3669523", "description": "With complete solution please and explanation. Management of the New Fangled Soft drink Company believes that the probability of a customer purchasing Red Pop or the company's major competition,...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/veres-incs-net-income-is-120000-and-its-weighted-average-10721476", "next": "\/study-help\/questions\/problem-716-comparing-traditional-and-activitybased-product-margins-l071-lo73-10721478" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "4. 23. T, F. When making normal or traditional pricing decisions, the", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/4-23-t-f-when-making-normal-or-traditional-pricing-10721477" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }": "1" } }