Show:
Business Processes
Taxes
Terms
Pricing
Business Related
100
What is a purchase order?
A commercial document; A sale that includes (buyer and seller)
100
Who pays federal income tax?
All employees and workers
100
What is rent on a building a part of?
Manufacturing Overhead
100
What is life cycle pricing?
When a product is brought into the market it is priced more, product cost decreases gradually.
100
What type of prices would Samsung or Apple likely come out with their new product?
Relatively high prices, Skimming Pricing
200
What are products costs?
The amount of money it takes to manufacture a product
200
What is Medicare?
Health insurance program
200
What facility do you have to pay property tax for?
Production facility
200
What is penetration pricing?
Lower prices to attract customers
200
What can a product cost be for an IPHONE?
Manufacturing the screen, home button, LCD display, camera
300
What is one example of product cost?
Direct Material, Labor
300
Who pays unemployment tax?
Employers
300
What is oligopoly?
A small number of producers or sellers
300
What is skimming pricing?
First the price is high then it lowers over time
300
Why would a company want to decrease the price of a product when newly releasing it?
Attract new customers
400
If demand increases, what happens to the price?
Price also increases
400
Who pays for health insurance?
Both, Employee and Employer
400
What is pure competition?
A broad range of competitors, selling similar products
400
What is target pricing?
Pricing which would result in the best investment
400
What must a business need to run?
Cash, Money
500
What happens if demand decreases?
Prices Decrease
500
Who pays state income tax?
The employer
500
What is monopolistic competition?
Products different from one another, quality, price, value
500
What is pricing?
How you price the products
500
As supply decreases, what increases?
Prices