Match the following statements to the appropriate terms. Contracting with an external party to provide a good or service. An approach to cost-plus pricing that uses two pricing rates. Product's selling price is determined by adding a markup to a cost base. Transfer price is determined by agreement of division managers. Companies that have no manufacturing facilities. Markup Time-and-material pricing Target selling price Percentage applied to a product's cost. Market-based transfer price Cost-plus pricing Virtual companies Price that will provide the desired profit on a product. Negotiated transfer price Outsourcing Transfer price is based on existing prices of competing products