Question 3

Pricing of product/services depends on:

Question 3 options:

a)

Cost

b)

Competitor prices

c)

What customers are willing to pay

d)

All of the above

Question 4

Fixed costs:

Question 4 options:

a)

Change with increases in business activity

b)

Never change

c)

Change when activity reaches a critical level

d)

Do not change with increases in business activity

Question 5

The volume of activity and costs which a business expects over the short-term planning horizon is represented in the:

Question 5 options:

a)

Profit-volume graph

b)

CVP analysis

c)

Breakeven calculation

d)

Relevant range