QUESTION 1 In a competitive market, a company is forced to act as a price taker and must emphasize minimizing and controlling costs. True False QUESTION 2 A company that is a price taker would most likely use which of the following methods? A. Time-and-material pricing B. Target costing C. Cost plus pricing, contribution approach OD. Cost plus pricing, absorption approach QUESTION 3 In most cases, a company sets the price instead of it being set by the competitive market. O True False QUESTION 4 The difference between the target price and the desired profit is the target cost of the product. True False ALIEOTIAN E Click Save a