5/24/2016 3:29:01 AM
By applying the managerial accounting concepts, please choose one of the following to make the statement correct or valid.
Q1. Setting prices beneath cost for the aim of injuring competitors and removing competition is:
a) Price discrimination
b) Target pricing
c) Predatory pricing
d) Price gouging
Q2. Charging different prices to various customers for essentially the similar product is:
a) Price discrimination
b) Target pricing
c) Predatory pricing
d) Price gouging
Q3. N-Famous Department Stores marks up its merchandise via 125 % of original cost. For an item lately purchased for $40, the total mark-up is:
a) $32
b) $10
c) $50
d) $120
Q4. Jason Department Stores marks up its merchandise via 140 % of original cost. For an item lately purchased for $50, the selling price is:
a) $70
b) $50
c) $36
d) $100