Which of These Statements Regarding Pricing Objectives Is Most Accurate

- April 26, 2022

Which of the following statements about price elasticity of demand is most accurate. If revenue falls below cost for a long period of time the firm cannot survive.

Sustainability Free Full Text Pricing Decisions For A Sustainable Supply Chain In The Presence Of Potential Strategic Customers Html

C The auditor uses evidence to determine whether the statements are fairly presented.

. To avoid cannibalization the newest product addition to a companys product line should never have a price lower than the other offerings in the line. And Union Pacific or the Corporation today announced the pricing terms of its private offers to exchange 1 certain of its outstanding notes and debentures referenced in the first table below for a combination of. Pricing objectives are established exclusively by the marketing department.

Pricing objectives are extremely sensitive to even the. A market share pricing objective is often difficult for product managers since stockholders are looking for immediate profits and obtaining market share usually takes time. Although increased market share is a primary goal of some firms others see it as a means to other ends such as increased sales or profits.

Pricing objectives may change depending on the financial position of the. Profit-oriented pricing objectives are defined to maximize the profit margin of each sale and the long-term profitability of the business. Pricing objectives should never change.

A penetration pricing policy is most likely to be effective when. Objectives are related to sales volume profitability market shares or competition. B Audit evidence should provide an absolute level of assurance.

Which of the following statements regarding price lining is most accurate. The ratio of production costs to maximum profit generated per unit. Small regional producers selling grocery products have a special problem because they need to set prices at which both they and their channel members can profit while.

For a commercial firm the price paid by the buyer generates the firms revenue. B IRR assumes the cash flows are. Which of the following statements regarding a market share pricing objective is most accurate.

Which of the following statements regarding a professions code of ethics is most accurate. Pricing Objectives Methods. Additionally the cost of materials will be 10 per shirt.

The costs of the materials that go into each kit are 45. The kits are priced at 120 each. An advantage of market share as a pricing objective is that it is particularly insensitive to competitors actions.

A code of ethics communicates the principles and expected behavior of a professions members. Selecting market share as a pricing objective is. So survival is one major objective pursued by most executives.

The assertion of accuracy and valuation is the statement that all figures presented in a financial statement are accurate and based on the proper valuation of assets liabilities and equity balances. Pricing objectives may change depending on the financial position of the company. A code of ethics always includes standards of conduct.

For example a farm market may price one melon at 169 and two at 300. Which of the following statements regarding pricing objectives is most accurate. The administrative costs of operating the company are estimated to be 60000 annually and the sales and marketing expenses are 20000 a year.

Union Pacific Corporation Announces Pricing Terms of Exchange Offers. A Responses to the auditors questions by client employees is considered highly persuasive evidence. A code of ethics makes sure that all members of a profession act ethically at all times.

The ratio of production costs to the minimum sales price that would still generate profit. Forever Quilting is a company that designs and distributes quilting kits. Which of the following statements is most accurate regarding the net present value NPV and internal rate of return IRR capital budgeting methods.

The selling price will be 25 per shirt. Pricing objectives may change depending upon the relative market share of competitors. The newest addition to a companys product line should always have the highest price in order to maintain the value of existing brands.

With inelastic demand reducing price will result in a decrease of total revenue. Which of the following is an accurate statement regarding audit evidence. Put simply profit-oriented pricing objectives are about making as much money as possible.

If you were to buy one peach tree and one apple tree from the Stark Bros. Pricing objectives may change depending upon the relative market share of competitors. Pricing decisions are based on the objectives to be achieved.

Survival is closely linked to profitability. Fruit trees and landscaping catalog in two separate orders you would pay a total of 10999. Price lining assumes that demand is elastic at each price point but inelastic between price points.

Omaha Neb March 22 2021 Union Pacific Corporation NYSEUNP. Making a USD 500000 profit during the next year might be a pricing objective for a firm. 276 Unit volume as a pricing objective refers to A.

Customers feel like theyre getting a discount since 150 300 2 is less than the 169 price for one melon. Which one of the following statements regarding bundle pricing is most accurate. Objectives of pricing can be classified in five groups as shown in figure 1.

Profit has remained a dominant objective of business activities. A NPV assumes that cash flows can be reinvested at the projects IRR. Pricing objectives are established exclusively by the marketing department.

It costs 5 in labor to assemble a kit. Pricing objectives should never change. Bundle pricing often provides a lower total cost to buyers and lower marketing costs to sellers.

The company has monthly expenses of 1000 for rent and insurance 200 for heat and electricity 500 for advertising in quilting magazines. Using this method of transfer pricing provides subsidiaries with the most. You can also use these cards to review variable cost pricing and cost-plus pricing.

The labor cost is 5 per shirt. The quantity or products to be produced or sold. Pricing in this way offers the customer an apparent discount in this example 038 for purchasing the greater quantity.

Likert Scale Surveys Why How To Create Them With Examples