________ means moving a specific type of work activity, job, process, or function from inside an organization to outside, where it is to be done by another person or company

Grand Products is a price-setter that uses the cost-plus pricing approach for pricing its products

These products are unique, artistically designed architectural decorations. Grand produces and sells 6,200 units per year, which represent maximum capacity. Variable costs are $300 per unit. Total fixed costs are $910,000 per year. The CEO has a target of $60,000 in operating income, which he wants to achieve by year-end. Using the cost-plus pricing method, what sales price should Grand use? (Round your answer to the nearest cent.) A) $309.68 per unit B) $446.77 per unit C) $456.45 per unit D) $156.45 per unit

If Milt Alden focuses on overall costs of manufacturing plus profit in setting product prices, which strategy would he employ?

A) break-even pricing B) competition-based pricing C) value-added pricing D) cost-plus pricing E) good-value pricing