16) Which of the following statements about break-even analysis is most likely true? A) It determines how customer-perceived value changes with value-added pricing. B) It is a tool used to calculate fixed costs. C) It is used to determine the maximum price that can be set on a product. D) It is a tool marketers use to examine the relationship between supply and demand. E) It fails to consider customer value and the relationship between price and demand. 17) Everyday low pricing is a cost-based pricing strategy. A) Truc B) False 18) Value-based pricing is often product driven, and customer value perceptions are secondary. A) Truc B) False 19) An airline runs a 6-month promotional program where all baggage fees are waived. It is using a cost-based pricing strategy. A) True B) False 20) Each PC produced by HP involves a cost of computer chips, wires, plastic, packaging, and other inputs. Although these costs tend to be the same for each unit produced, they are called costs because the total changes based on the number of units produced. A) fixed B) variable C) target D) capital E) payroll 21) Radox, a luxury watch brand, identifies a market segment that is willing to pay premium prices for its watches, and Radox managers select an ideal selling price. Managers then determine the costs to create watches that meet the ideal selling price. The company's pricing approach is referred to as A) mass production B) cost-plus pricing C) target costing D) value-added pricing E) target return pricing