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

Question

Quizplus · Accepted Answer

Cost-plus pricing is a common pricing strategy used by professionals such as lawyers and accountants. With this method, a standard mark-up is added to the cost of providing the service in order to ensure a profit.

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