Compared with other methods used to set prices,_______ pricing is relatively simple.
A) cost-based
B) value-based
C) improvement value
D) reference-based
E) cost of ownership

Question

Quizplus · Accepted Answer

Cost-based pricing involves calculating the costs of producing and delivering a product or service, and then adding a markup to cover overhead and profit. This method is relatively straightforward and easy to implement compared to other pricing methods such as value-based or cost of ownership pricing which require more complex calculations and analysis.

Compared with Other Methods Used to Set Prices,_______ Pricing Is