The selection of target price, understanding customer requirements, improving product designs and use of cross functional teams are considered as aspects of ____________?
A. target pricing B. target costing C. value engineering D. all of above
Accounting MCQs with Answers
The companies that perform in competitive markets using the pricing approach are known as ___________?
A. independent revenue approach B. market based approach C. dependent revenue approach D. cost based approach
The major approaches to make decisions about pricing include ____________?
A. market based B. sunk cost C. cost based D. both a and c
The companies that perform in less competitive markets and their market offerings significantly differ are classified as ___________?
A. independent revenue approach B. market based approach C. cost based approach D. dependent revenue approach
The technique, which accumulates and tracks revenues of business function in value chain attributed to each market offering from R&D to final customer support is called ___________?
A. product life cycle B. life cycle budgeting C. life cycle costing D. target costing
The major influential factors on supply and demand include ____________?
A. customers B. costs C. competitors D. all of above
If the invested capital is $150000 and target rate of return on investment is 16%, then the targeted annual operating income would be ___________?
A. $27,000 B. $26,000 C. $24,000 D. $25,000
The span time from initial research and development of product till support and customer service, if not offered for that particular product will be called __________?
A. product life cycle B. life cycle budgeting C. life cycle costing D. target costing
The pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as ______________?
A. product life cycle method B. life cycle budgeting method C. life cycle costing method D. time and material method
The total cost incur by customer to use, acquire, maintain and dispose service or product is classified as ___________?
A. budgeted life cycle B. targeted life cycle C. customer life cycle D. operating life cycle