We appreciate your visit to Is the most common method used for pricing Mcq. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Cost based pricing is a type of pricing strategy that tries to cover costs while still providing the business owner with a respectable profit margin. It is calculated by multiplying the average manufacturing cost by a predetermined markup.
What is Cost based pricing?
- A markup is applied to the cost of a good or service to account for overhead and profit.
- Several methods are: Full-cost pricing, Variable cost pricing, Break even pricing.
- In especially for goods or services with a steady cost structure, it might be a beneficial strategy for pricing.
- It does not take into account the value that the product or service provides to the customer or the prices of competing products or services.
To know more about cost based pricing, visit:
https://brainly.com/question/14450170
#SPJ4
Thanks for taking the time to read Is the most common method used for pricing Mcq. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
