Asked by Azriel Gamez on Jul 03, 2024

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Which of the following costs should managers focus on when making long term strategic pricing decisions?

A) Marketing costs
B) Design costs
C) Research and development costs
D) All of the above

Long Term Strategic

Pertaining to long-range planning and actions aimed at achieving major goals or objectives.

Marketing Costs

Expenses related to promoting, selling, and distributing a product or service.

Design Costs

Expenses incurred during the planning and development phase of a product, including labor, materials, and overhead associated with creating the design.

  • Comprehend the significance of product costs in the valuation of inventory, decision-making processes of management, and controlling costs.
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ZK
Zybrea KnightJul 08, 2024
Final Answer :
D
Explanation :
When making long-term strategic pricing decisions, managers should consider all costs associated with bringing a product to market, including marketing, design, and research and development costs. These factors are crucial for setting a price that covers costs and aligns with the company's strategic goals.