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