Cost-led pricing refers to which of the following pricing calculations?
A)calculating the cost of manufacturing and delivering the product and adding a profit margin
B)calculating the cost based on how much profit you have targeted in your business plan
C)calculating the price based on the maximum price a customer will pay
D)calculating the price based on competitive products

Question

Quizplus · Accepted Answer

Cost-led pricing involves calculating the cost of manufacturing and delivering the product and then adding a profit margin. This pricing strategy focuses on the internal costs of the business and ensures that the price of the product covers all expenses and generates a profit.

Cost-Led Pricing Refers to Which of the Following Pricing Calculations