In ________-based pricing, the list price of an item is determined by adding a markup percentage to a product's cost.

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Cost-based pricing involves adding a markup percentage to the cost of a product to determine its list price. Other options such as compliance, value, competitive, and economic are pricing strategies that may consider factors such as customer perception, market demand, or competition, but not necessarily the cost of the product.

In ________-Based Pricing, the List Price of an Item Is