Brandy could sell these arrangements for $100 a piece. She figured that she would need to produce at least 10 per month. 10 is her _______________.
a. Variable costs
b. Fixed costs
c. Economies of scale
d. Breakeven
Answer: d. Breakeven
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Questions of fact are ________
A) resolved by the judge during the jury trial B) resolved during informal negotiations C) the questions on what actually happened D) the questions on how the law should be applied to the facts
Which of the following is/are not true regarding pricing for service firms?
A) A service firm must establish a price based on the materials used to provide the service, the labor employed, an allowance for overhead, and a profit. B) Most service firms base their prices on an hourly rate (usually actual hours), but sometimes standard hours are used. C) For most service firms, labor and profit comprise the largest portion of the cost of the service. D) None of the above