Which of the following describes the products and services of companies that are price-setters?

A. They tend to be unique.

B. They are priced by managers using a target-costing emphasis.

C. They tend to be commodities.

D. They tend to have a lot of competitors.

Question

Jay Dickson

Business

11 October, 21:43

Which of the following describes the products and services of companies that are price-setters?

A. They tend to be unique.

B. They are priced by managers using a target-costing emphasis.

C. They tend to be commodities.

D. They tend to have a lot of competitors.

+1

Answers (1)

Know the Answer?

Rashad Donaldson · Answer 1

Correct option is (A)

Explanation:

Companies that are price setters or price makers produce unique products as they have an advantage over others. They are price makers as they enjoy monopoly in the market.

Companies producing homogeneous products cannot be price setters as there are many other companies operating in the same market so prices are set by the market forces.

Which of the following describes the products and services of companies that are price-setters?A. They tend to be unique.B. They are priced by managers using a target-costing emphasis.C. They tend to be commodities.D. They tend to have a lot of competitors.

Which of the following describes the products and services of companies that are price-setters?

A. They tend to be unique.

B. They are priced by managers using a target-costing emphasis.

C. They tend to be commodities.

D. They tend to have a lot of competitors.