Exam (elaborations)
WGU D101 Cost and Managerial Accounting 2023/2024 Exam
- Course
- Institution
What is a price taker? - ANSWER-A company that has to accept the price that the market sets for a good. They have no influence over setting the price. What is a price maker? - ANSWER-a firm possessing the power to set the price within the market. They still need to track all costs in order to ma...
[Show more]