Yvonne estimates the average cost of her floral arrangements is $14 regardless of whether she is making 5 or 20 arrangements that day.She adds a standard markup to the $14 estimate to determine her price.Yvonne is using a(n)_______ pricing method.

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Yvonne is using a cost-based pricing method as she is basing her price on the cost of producing the floral arrangements rather than the perceived value or competition. The fact that her cost is consistent regardless of the number of arrangements she makes means she can set a consistent markup percentage. Improvement value and value-based pricing methods would consider factors beyond just cost, such as the perceived value of the arrangements to the customer or the competitive landscape. EDLP and reference-based pricing methods are not relevant to this scenario.

Yvonne Estimates the Average Cost of Her Floral Arrangements Is