The simplest pricing method is break-even pricing: adding a standard markup to the cost of the product.

Name: The simplest pricing method is break-even pricing: adding a standard markup to the cost of the product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Break-even pricing involves setting a price to cover the cost of production without making a profit, while adding a standard markup to the cost of the product is known as cost-plus pricing, not break-even pricing.

The Simplest Pricing Method Is Break-Even Pricing: Adding a Standard