what are the different types of cost behavior?
536799
There are four basic cost behavior patterns: fixed, variable, mixed (semivariable), and step which graphically would appear as below. The relevant range is the range of production or sales volume over which the assumptions about cost behavior are valid. Often, we describe them as time-related costs.
135488
Generally, companies can determine transfer prices three different ways: market-based transfer prices, cost- based transfer prices, and negotiated transfer prices. Although each method provides a different “answer,” their commonality is that transfer prices represent an intracompany market mechanism.
1130963
The most common examples of fixed costs include lease and rent payments, utilities, insurance, certain salaries, and interest payments. While variable costs tend to remain flat, the impact of fixed costs on a company's bottom line can change based on the number of products it produces.
1469706
['Revenue Recognition Principle,', 'Historical Cost Principle,', 'Matching Principle,', 'Full Disclosure Principle, and.', 'Objectivity Principle.']
361825
And in industries in which price stability is important, firms often price their products by charging about the same as competitors. 8. Examine the three major pricing methods that firms employ. The three major pricing methods are cost-based pricing, demand-based pricing, and competition-based pricing.
485859
Costing methods are use to ascertain the cost of product or services. For example- job costing, process costing, contract costing etc. While costing techniques are used to control and minimize the cost. Examples of costing techniques are -Activity Costing (ABC), Marginal Costing etc..
128058
['Complex buying behavior. This type of behavior is encountered when consumers are buying an expensive, infrequently bought product. ... ', 'Dissonance-reducing buying behavior. ... ', 'Habitual buying behavior. ... ', 'Variety seeking behavior.']
622119
['Intrinsic Motivation and Extrinsic Motivation. with Examples of Each Type of Motivation.', 'Operant Conditioning.', 'The Availability Heuristic.', 'Classical Conditioning.', 'Correlation and Causation.', 'Theory.', 'Critical Thinking.', 'Independent Variable and Dependent Variable.']
559868
['Single-loop learning. This occurs when errors are detected and corrected and firms continue with their present policies and goals. ... ', 'Double-loop learning. ... ', 'Deutero-learning.']
857354
In the marketing literature, customers face three types of switching costs: (1) financial switching costs (e.g., fees to break contract, lost reward points); (2) procedural switching costs (time, effort, and uncertainty in locating, adopting, and using a new brand/provider); and (3) relational switching costs (personal ...
890742
3 major pricing strategies can be identified: Customer value-based pricing, cost-based pricing and competition-based pricing.
1337207
['Risk taking – Assuming the risk connected with carrying out channel work or being a part of a channel. ... ', 'Financing – Most companies deal in advance payments or a credit limit. ... ', 'Physical distribution of goods – Look at any channel driven company and you will find that there are different modes to reach the end customer.']
747625
['Discount seekers.', 'Wandering customers.', 'Impulse buyers.', 'Need-based shoppers.', 'Loyal customers.']
604635
['Sales / Promotional Pricing. Introducing and promoting a sale price can encourage multiple purchases of a product within a set timeframe. ... ', 'Coupons. ... ', 'Contests & Sweepstakes. ... ', 'Sampling / Product Demonstrations. ... ', 'Rebates. ... ', 'Premiums. ... ', 'Loyalty Programs. ... ', 'Trade-ins.']
728396
['Work and leisure flow together. ... ', 'Strategies and Tactics Types of operations can be suggested as strategies and tactics. ... ', 'Tactics on the other hand, De Certeau explicitly states that “tactic is the art of weak”. ... ', 'De Certeau claims that consumer is not a passive receiver. ... ', "5. ''"]
1143337
['Common types of decision-making processes.', 'Majority decision-making process.', 'Hierarchical decision-making.', 'Proportional decision-making.', 'Consensus decision-making.', 'Consensus Decision-Making Flow Chart.']
243453
The Elements of Cost are the three types of product costs (labor, materials and overhead) and period costs.