In: Accounting
Match the following statements to the appropriate
terms.
A system that starts with what consumers are willing to pay for a product and tries to design a product at a cost that allows a reasonable profit |
Cost-plus pricing, Target costing,Customer profitability analysis,Economic pricing,Activity-based pricing |
A way of using activity-based methods to assess which customers are covering the costs they are generating |
Activity-based pricing,Customer profitability analysis,Target costing,Economic pricing,Cost-plus pricing |
A system that charges customers for the services they consume |
Target costing,Economic pricing,Cost-plus pricing,Activity-based pricing,Customer profitability analysis |
A system that prices based on the laws of supply and demand |
Economic pricing,Activity-based pricing,Customer profitability analysis,Cost-plus pricing,Target costing |
A system that sets prices based on costs |
Economic pricing,Activity-based pricing,Customer profitability analysis,Cost-plus pricing,Target costing |
Question | Options | Answer |
A system that starts with what consumers are willing to pay for a product and tries to design a product at a cost that allows a reasonable profit | Cost-plus pricing, Target costing,Customer profitability analysis,Economic pricing,Activity-based pricing | Target costing |
A way of using activity-based methods to assess which customers are covering the costs they are generating | Activity-based pricing,Customer profitability analysis,Target costing,Economic pricing,Cost-plus pricing | Customer profitability analysis |
A system that charges customers for the services they consume | Target costing,Economic pricing,Cost-plus pricing,Activity-based pricing,Customer profitability analysis | Activity-based pricing |
A system that prices based on the laws of supply and demand | Economic pricing,Activity-based pricing,Customer profitability analysis,Cost-plus pricing,Target costing | Economic pricing |
A system that sets prices based on costs | Economic pricing,Activity-based pricing,Customer profitability analysis,Cost-plus pricing,Target costing | Cost-plus pricing |