For custom-made equipment or commercial construction projects, which pricing method is most likely used?
A) Prestige
B) Premium
C) Differential
D) Return on investment
E) Cost-plus

Question

Quizplus · Accepted Answer

Cost-plus pricing is most commonly used for custom-made equipment or commercial construction projects. This is because the cost of materials, labor, and other factors can vary greatly and the seller wants to ensure they are covering their expenses and making a profit. Cost-plus pricing involves adding a markup to the total cost of producing the product or completing the project.

For Custom-Made Equipment or Commercial Construction Projects, Which Pricing Method