Front

A cost that changes depending on how much a company produces.

Back

Variable Cost

Front

If a company wants to increase their market share, they will use _______ pricing.

Back

Sales-Oriented

Front

If a company needs to improve cash flow and get a quick return on investment, they will use _______ pricing.

Back

Profit-Oriented

Front

Total costs = Fixed Costs + _______

Back

Variable Costs

Front

If companies get together and agree that they will all charge the same price for a certain type of product, this is called ______ and it is ______

Back

Price Fixing, Illegal

Front

True or False: The product lifecycle impacts selling price.

Back

True

Front

True or False: A company that has a wide and deep product mix does not have flexibility in their pricing.

Back

False

Front

If a company sells the same product to two different distributors at two different prices, this is called _____ and it is _____.

Back

Price Discrimination, Illegal

Front

True or False: Government regulations encourage monopolies and discourage competition.

Back

False

Front

A cost that remains the same every month, regardless of how many products a company makes.

Back

Fixed Cost