Because the method takes into consideration both fixed and variable costs, average pricing is always an appropriate pricing approach for small businesses.

Question

Quizplus · Accepted Answer

While average pricing may be a useful tool for some small businesses, it is not always appropriate as it does not take into account factors such as competition and demand. It is important for businesses to consider multiple pricing strategies and tailor their approach to their specific market and consumers.

Because the Method Takes into Consideration Both Fixed and Variable