
ACCT 3130 Chapter 13
Quiz
•
Business
•
KG
•
Practice Problem
•
Medium
J Nope
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27 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 5 pts
___ influence price through their effect on the demand for a product or service, based on factors such as product features & quality
2.
FILL IN THE BLANK QUESTION
1 min • 5 pts
___ influence price through their technologies, plant capacities, and operating strategies which affect their costs.
3.
FILL IN THE BLANK QUESTION
1 min • 5 pts
___ influence prices because they affect supply. The lower the ___, the greater the quantity a firm is willing to supply.
4.
FILL IN THE BLANK QUESTION
1 min • 5 pts
___ pricing decisions have a time horizon of less than one year.
5.
MULTIPLE SELECT QUESTION
45 sec • 5 pts
Pricing a one-time-only special order.
Short-Run Pricing
Luring customer in the door
Cost based on VC & FC
Cost based on VC
Profit = 0
6.
MULTIPLE SELECT QUESTION
45 sec • 5 pts
A strategic decision designed to build relationships with customers.
Short-Run Pricing
Long-Run Pricing
Stable & Predictable Prices
Costing Based on VC & FC
Where Profit is Not 0
7.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
The first step of implementing target pricing & target costing:
Develop a product that satisfies the needs of potential customers
Choose a target price
Derive a target cost/unit by subtracting target OI/unit from the target price
Perform cost analysis
Perform value engineering to achieve target cost
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