Steps 1 and 2
Blank number of pricing steps
9
Full cost recovery is for
programs that benefit the participants
Can charges be applied to additional levels of a program?
Yes
Can program prices be modified after an initial price is set?
Yes
Budget that is given a sum of money with no need to explain spending
Lump Sum Budget
costs that will always be there no matter the program are
indirect costs
Partnerships are defined as:
When two or more organizations join to further relay a message.
If consumers believe the price is cheap, would that also reflect on their thoughts on the quality of the program?
Yes.
4 types of cost recovery
no cost recovery, variable cost recovery, full cost recovery, and partial cost recovery
When programs and services are delivered at no fee what is this cost called
no cost recovery
Which of the following is not a factor for "differential programming"? Participants, product, time, place, quality?
Quality
Which of the following IS a psychological dimension of price: Demand, odd pricing, compatibility or decoy pricing?
Odd pricing.
Trends in program pricing: list 3
Risk management, tax support, environmental factors, lack or resources, competition, accessibility
4 types of cost recovery
No cost recovery, variable cost recovery, partial cost recovery and full cost recovery
True or false: Organizations can ask for equipment that is needed through a catalogue.
True
What is demand based pricing?
Based on setting a price with respect to buyers expectations and needs.
PPBS stands for:
planning, programming, budgeting system
Calculation for costs
Indirect costs + direct fixed costs+direct variable costs = total cost
What is "scrounging"?
To find miscellaneous items to store for future use that may not be what it was originally intended for.
True or false: Price-Quality Relationship is Consumer expectations that organizations create an image in the eyes of consumers and use pricing to reflect this image.
False.