Cost-plus pricing adds an amount to the cost of the product or service to cover the company's operating costs and contribute to its profit.

Name: Cost-plus pricing adds an amount to the cost of the product or service to cover the company's operating costs and contribute to its profit.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

Cost-plus pricing is a pricing strategy where an amount is added to the cost of a product or service to cover operating costs and generate profit.

Cost-Plus Pricing Adds an Amount to the Cost of the Product