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# 64. What pricing method may be used if there are several providers in the same market and there is sufficient demand for your product?

64. What pricing method may be used if there are several providers in the same market and there is sufficient demand for your product? A. Demand-based method b. Total cost method c. Cost-plus method d. Competition-based method ANS: D DIF: Easy OBJ: 25-02 NAT: AACSB Analytic | IMA-Decision Analysis 65. What pricing method is used if all costs are considered and a fair mark-up is added to determine the selling price? A. Total cost method b. Demand-based method c. Variable cost method d. Mark-up method ANS: A DIF: Easy OBJ: 25-02 NAT: AACSB Analytic | IMA-Decision Analysis 66. Using the variable cost concept determine the selling price for 30,000 units using the following data: Variable cost per unit $13.00, $120,000 desired profit, and total fixed costs $80,000. DIF: Easy OBJ: 25-02 NAT: AACSB Analytic | IMA-Decision Analysis 67. Which equation better describes Target Costing?