Define the term cost plus pricing
Define the term cost plus pricing.
Expert
Cost plus pricing:
It is the most common method used for price. In this method, the price is fixed to envelop all costs and a predetermined percentage of profit that is the price is computed by adding an exact percentage to the cost of the product per unit. Such method is also termed as margin pricing or full costs pricing or say average cost pricing or may mark up pricing. The business firm in oligopoly and monopolistic market are given this pricing policy.
What are the main features of managerial economics?
Give a brief introduction of the term Break Even Point. How does BEP aid in making business decision?
Define the inelastic demand.
When the demand for labor is wage elastic, raises in wage rates cause total labor income to: (w) increase. (x) decrease. (y) remain the same. (z) fluctuate erratically. I need a go
What are the internal factors in governing prices?
Demand for labor of this purely competitive firm in given figure corresponds to: (1) line segment ab. (2) line segment bd. (3) line segment be (4) line segment df. (5) line segment dg. Q : Illustrates the types of Demand Illustrates the types of Demand Forecasting?
Illustrates the types of Demand Forecasting?
Provide a brief introduction of the term Margin of Safety?
Refer to below figure. What is the amount of profit when the firm generates Q2units: w) this is equal to the vertical distance c to g. x) this is equal to the vertical distance c to Q2. y) this is equal to the vertical distance g to Q2
General training occurs while a: (w) secretary learns a new office procedure. (x) handyman learns to drive a semi-truck. (y) messenger learns the company’s in-house mail route. (z) navy recruit learns how to repair a guided missile.
18,76,764
1927871 Asked
3,689
Active Tutors
1450138
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!