Bachelor Of Business Administration

Marketing Management MCQs

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Estimating Costs MCQ with Answers

Estimating Costs Multiple Choice Questions (MCQ) to solve estimating costs quiz answers PDF worksheet, marketing management test for online courses. Practice developing pricing strategies Multiple Choice Questions and Answers (MCQs), "Estimating Costs" quiz questions and answers for business admin degree online. Learn value pricing, geographical pricing, auction type pricing test prep for business administration degree courses.

"Considering accumulated production experience, the decreasing in average cost is classified as" Multiple Choice Questions (MCQ) on estimating costs with choices experience curve, learning curve, observational curve, and both a and b for business admin degree online. Solve estimating costs quiz questions for merit scholarship test and certificate programs for online schools for business management.

MCQs on Estimating Costs

1.

Considering accumulated production experience, the decreasing in average cost is classified as

experience curve
learning curve
observational curve
both A and B

2.

The floor of the product's price is set with the help of

supply
cost
discount and allowance
demand

3.

The overhead costs are also known as

employees' salaries
labor wages
fixed costs
variable costs

4.

If the fixed cost is $18000 and the variable cost is $16000 then the total cost is

$18,000
$16,000
$340,000
$34,000

5.

The cost of products that fluctuate with the level of production are classified as

total costs
augmented costs
variable costs
fixed costs