Fill in the blank(s) to complete each statement. 1. The estimated long-run cost

Question

Fill in the blank(s) to complete each statement. 1. The estimated long-run cost per unit of a product or service that enables the company to achieve the target operating income per unit when selling at the target price is called the __________________________________. 2. ________________________ is a systematic evaluation of all aspects of the business functions in the value chain, whose key objective is to reduce costs and achieve a quality level that satisfies customers. 3. Costs that have not yet been incurred but, based on that decisions that have already been made, will be incurred in the future are called ____________________ costs. 4. _______________________ tracks and accumulates the business function costs across the entire value chain from a product’s initial R&D to its final customer servicing and support. 5. The practice of charging different customers different prices for the same product or service is called _______________________. 6. The practice of charging a higher price for the same product or service when demand for it approaches the physical limit of the capacity to produce that product or service is called _______________________. 7. A company engages in ______ ____________ ____________________ when it deliberately prices below its costs in an effort to drive competitors out of the market and restrict supply, and then raises prices rather than enlarge demand

Explanation / Answer

1) Target cost per unit

.2) Value engineering

3) Locked in cost

4) Life cycle costing

5)Price discrimination

6) Peak load pricing

7)Predatory pricing

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.