The most common cost-based approach to pricing is ________.
A) demand-based pricing
B) psychological pricing
C) yield management pricing
D) cost-plus pricing
E) high/low pricing

Question

Quizplus · Accepted Answer

The most common cost-based approach to pricing is cost-plus pricing, where a company calculates the total cost of producing a product and then adds a markup to determine the final price. This approach ensures that the company covers its costs and makes a profit.

The Most Common Cost-Based Approach to Pricing Is ________