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Easy managerial questions. i give thumbs up Farmer Jane grows the best tomatoes in the land. She doesn't worry about what other farmers are charging
Easy managerial questions. i give thumbs up
Farmer Jane grows the best tomatoes in the land. She doesn't worry about what other farmers are charging for theirs, since she has never had trouble getting her price, based on her total costs plus a 50% profit margin. Jane prices: a) Using cost-plus pricing, since her product has lots of substitutes in the market Ob) Using target costing, since she is a price-maker Using cost-plus pricing, since she has differentiated her product from the rest of the market d) Using target costing since she has lots of competition Qualitative costs of decisions are a) Depreciation and repairs b) Rent and other fixed expenses. c) Non-monetary costs such as time or health benefits derived. O None of the above Differential analysis can be defined as: a) Finding the cheapest option by looking at all of the costs for two or more options Ob) Finding the lowest cost raw material regardless of the quality. The evaluation of the differences in costs and benefits based on reviewing the pros and cons of a variety of options d) None of the above c) Unavoidable costs will: al Happen no matter which decision we choose. b) differ between alternatives Od will not happen if one decision is chosen over another di will be reallocated depending on the decision made Price takers must: a) Price their products using the target costing method since it is unique and has little if any competition in the market. Ob) Price their products using the target costing method, since their product has many substitutes and the pricing is set by the market. c) Price their products using the cost-plus method, since their product has many substitutes and the pricing is set by the market. d) Price their products using the cost-plus method, since it is unique and has little if any competition in the market Step by Step Solution
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