Concept, which states that resources are used to meet particular goals is

a. cost incurrence
b. valued incurrence
c. locked incurrence
d. non valued incurrence

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. cost incurrence

it is True, because cost incurrence is the best and correct answer to the above question. so, choose this answer.

B. valued incurrence

Wrong. Because valued incurrence is a bad choice for an answer.

C. locked incurrence

Wrong answer Again, because locked incurrence is a nonsensical answer. do not choose this answer.

D. non valued incurrence

It is Wrong Because non valued incurrence does not include the correct answer.

The Answer From Concept, which states that resources are used to meet particular goals is

So the correct answer is A i.e. cost incurrence. Hopefully, it can help work on your problem and can add to your insight as well.

 

Target price is subtracted from per unit target operating income to calculate

a. total current full cost
b. total cost per unit
c. target operating income per unit
d. target cost per unit

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. total current full cost

Wrong. Because total current full cost is a bad choice for an answer.

B. total cost per unit

It is Wrong Because total cost per unit does not include the correct answer.

C. target operating income per unit

This is also wrong, target operating income per unit Not completely the correct answer.

D. target cost per unit

it is True, because target cost per unit is the best and correct answer to the above question. so, choose this answer.

The Answer From Target price is subtracted from per unit target operating income to calculate

So the correct answer is D i.e. target cost per unit. Hopefully, it can help work on your problem and can add to your insight as well.

 

Selection of target price, understanding customer requirements, improving product designs and use of cross functional teams are considered as aspects of

a. target pricing
b. target costing
c. value engineering
d. all of above

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. target pricing

Wrong. Because target pricing is a bad choice for an answer.

B. target costing

It is Wrong Because target costing does not include the correct answer.

C. value engineering

This is also wrong, value engineering Not completely the correct answer.

D. all of above

it is True, because all of above is the best and correct answer to the above question. so, choose this answer.

The Answer From Selection of target price, understanding customer requirements, improving product designs and use of cross functional teams are considered as aspects of

So the correct answer is D i.e. all of above. Hopefully, it can help work on your problem and can add to your insight as well.

 

Kind of cost which on elimination, would not reduce perceived usefulness that customers can obtain by using market offering is known as

a. designed-in costs
b. locked-in costs
c. value added cost
d. non-value added cost

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. designed-in costs

Wrong. Because designed-in costs is a bad choice for an answer.

B. locked-in costs

It is Wrong Because locked-in costs does not include the correct answer.

C. value added cost

This is also wrong, value added cost Not completely the correct answer.

D. non-value added cost

it is True, because non-value added cost is the best and correct answer to the above question. so, choose this answer.

The Answer From Kind of cost which on elimination, would not reduce perceived usefulness that customers can obtain by using market offering is known as

So the correct answer is D i.e. non-value added cost. Hopefully, it can help work on your problem and can add to your insight as well.

 

Companies that perform in competitive markets using pricing approach are known as

a. independent revenue approach
b. market based approach
c. dependent revenue approach
d. cost based approach

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. independent revenue approach

It is Wrong Because independent revenue approach does not include the correct answer.

B. market based approach

it is True, because market based approach is the best and correct answer to the above question. so, choose this answer.

C. dependent revenue approach

Wrong. Because dependent revenue approach is a bad choice for an answer.

D. cost based approach

This is also wrong, cost based approach Not completely the correct answer.

The Answer From Companies that perform in competitive markets using pricing approach are known as

So the correct answer is B i.e. market based approach. Hopefully, it can help work on your problem and can add to your insight as well.

 

An income, which a company aims to earn by selling each unit of market offering is classified as

a. target operating income per unit
b. target cost per unit
c. total current full cost
d. total cost per unit

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. target operating income per unit

it is True, because target operating income per unit is the best and correct answer to the above question. so, choose this answer.

B. target cost per unit

Wrong. Because target cost per unit is a bad choice for an answer.

C. total current full cost

Wrong answer Again, because total current full cost is a nonsensical answer. do not choose this answer.

D. total cost per unit

It is Wrong Because total cost per unit does not include the correct answer.

The Answer From An income, which a company aims to earn by selling each unit of market offering is classified as

So the correct answer is A i.e. target operating income per unit. Hopefully, it can help work on your problem and can add to your insight as well.

 

Systematic evaluation of value chain, to reduce costs and high quality to achieve satisfied customers is known as

a. reverse engineering
b. value engineering
c. target engineering
d. operation engineering

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. reverse engineering

It is Wrong Because reverse engineering does not include the correct answer.

B. value engineering

it is True, because value engineering is the best and correct answer to the above question. so, choose this answer.

C. target engineering

Wrong. Because target engineering is a bad choice for an answer.

D. operation engineering

This is also wrong, operation engineering Not completely the correct answer.

The Answer From Systematic evaluation of value chain, to reduce costs and high quality to achieve satisfied customers is known as

So the correct answer is B i.e. value engineering. Hopefully, it can help work on your problem and can add to your insight as well.

 

Major approaches to make decisions about pricing include

a. market based
b. sunk cost
c. cost based
d. both a and c

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. market based

Wrong. Because market based is a bad choice for an answer.

B. sunk cost

It is Wrong Because sunk cost does not include the correct answer.

C. cost based

This is also wrong, cost based Not completely the correct answer.

D. both a and c

it is True, because both a and c is the best and correct answer to the above question. so, choose this answer.

The Answer From Major approaches to make decisions about pricing include

So the correct answer is D i.e. both a and c. Hopefully, it can help work on your problem and can add to your insight as well.

 

Practice of seller to charge higher price for same market offering is classified as

a. peak-load pricing
b. elastic pricing
c. elastic demand
d. inelastic demand

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. peak-load pricing

it is True, because peak-load pricing is the best and correct answer to the above question. so, choose this answer.

B. elastic pricing

Wrong. Because elastic pricing is a bad choice for an answer.

C. elastic demand

Wrong answer Again, because elastic demand is a nonsensical answer. do not choose this answer.

D. inelastic demand

It is Wrong Because inelastic demand does not include the correct answer.

The Answer From Practice of seller to charge higher price for same market offering is classified as

So the correct answer is A i.e. peak-load pricing. Hopefully, it can help work on your problem and can add to your insight as well.

Companies that perform in less competitive markets and their market offerings significantly differ are classified as

a. independent revenue approach
b. market based approach
c. cost based approach
d. dependent revenue approach

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. independent revenue approach

Wrong. Because independent revenue approach is a bad choice for an answer.

B. market based approach

Wrong answer Again, because market based approach is a nonsensical answer. do not choose this answer.

C. cost based approach

it is True, because cost based approach is the best and correct answer to the above question. so, choose this answer.

D. dependent revenue approach

This is also wrong, dependent revenue approach Not completely the correct answer.

The Answer From Companies that perform in less competitive markets and their market offerings significantly differ are classified as

So the correct answer is C i.e. cost based approach. Hopefully, it can help work on your problem and can add to your insight as well.

 

Major influential factors on supply and demand include

a. customers
b. costs
c. competitors
d. all of above

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. customers

it is True, because customers is the best and correct answer to the above question. so, choose this answer.

B. costs

Wrong. Because costs is a bad choice for an answer.

C. competitors

Wrong answer Again, because competitors is a nonsensical answer. do not choose this answer.

D. all of above

It is Wrong Because all of above does not include the correct answer.

The Answer From Major influential factors on supply and demand include

So the correct answer is A i.e. customers. Hopefully, it can help work on your problem and can add to your insight as well.

 

If invested capital is $150000 and target rate of return on investment is 16%, then target annual operating income would be

a. $27,000
b. $26,000
c. $24,000
d. $25,000

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. $27,000

Wrong. Because $27,000 is a bad choice for an answer.

B. $26,000

Wrong answer Again, because $26,000 is a nonsensical answer. do not choose this answer.

C. $24,000

it is True, because $24,000 is the best and correct answer to the above question. so, choose this answer.

D. $25,000

This is also wrong, $25,000 Not completely the correct answer.

The Answer From If invested capital is $150000 and target rate of return on investment is 16%, then target annual operating income would be

So the correct answer is C i.e. $24,000. Hopefully, it can help work on your problem and can add to your insight as well.

 

In cost-plus pricing, plus refers to a component named as

a. off shore cost
b. markup
c. sunk cost
d. outsource cost

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. off shore cost

It is Wrong Because off shore cost does not include the correct answer.

B. markup

it is True, because markup is the best and correct answer to the above question. so, choose this answer.

C. sunk cost

Wrong. Because sunk cost is a bad choice for an answer.

D. outsource cost

This is also wrong, outsource cost Not completely the correct answer.

The Answer From In cost-plus pricing, plus refers to a component named as

So the correct answer is B i.e. markup. Hopefully, it can help work on your problem and can add to your insight as well.

 

Span time from initial research and development of product till support and customer service, if not offered for that particular product will be called

a. product life cycle
b. life cycle budgeting
c. life cycle costing
d. target costing

To answer this question, you must understand each answer choice in the multiple-choice above. So you will find the right answer.

A. product life cycle

it is True, because product life cycle is the best and correct answer to the above question. so, choose this answer.

B. life cycle budgeting

Wrong. Because life cycle budgeting is a bad choice for an answer.

C. life cycle costing

Wrong answer Again, because life cycle costing is a nonsensical answer. do not choose this answer.

D. target costing

It is Wrong Because target costing does not include the correct answer.

The Answer From Span time from initial research and development of product till support and customer service, if not offered for that particular product will be called

So the correct answer is A i.e. product life cycle. Hopefully, it can help work on your problem and can add to your insight as well.

 

Kind of costs that has been occurred in past are also known as

a. unrecorded costs
b. recorded costs
c. sunk costs
d. bunked costs