Lawyers,accountants,and other professionals typically price by adding a standard markup for profit.This is known as ________.
A) variable costs
B) cost-plus pricing
C) value-based pricing
D) break-even price
E) penetration pricing

Question

Quizplus · Accepted Answer

Cost-plus pricing involves adding a standard markup to the costs incurred to provide a service, which allows professionals to earn a profit on their services. This is commonly used by lawyers, accountants and other professionals.

Lawyers,accountants,and Other Professionals Typically Price by Adding a Standard Markup