Need help answering the following question please. True or False. Service decisi

Question

Need help answering the following question please.

True or False. Service decisions involve reviewing the community's needs and the supply of some of these needs by other organizations to determine what and how much are need. True or Flase

Pricing decisions involve a look at the indirect costs discussed earlier, such as charity care and bad debt and the contracted prices for the services. True or False S. Strategic planning provides managers with details needed for everyday operations. True or False

Explanation / Answer

True, Service decisions involve reviewing the community's needs and the supply of some of these needs by other organizations to determine what and how much are need because without analysing the market it would not be sensible to start a new business.

False, pricing decision do not follow this approach. Rather it adds up all the direct costs first and then indirect costs as overhead and then add a percentage of profit to calculate the price. Another method can be to determine the price in the prevailing market and then reduce a profit percentage to determine what costs can be incurred.

True, Strategic planning provides managers with details needed for everyday operations.

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