A seller's costs are usually determined during or after a product is made, with a specified percentage or dollar amount added to the cost to establish a price. In this case, the organization is using _____ pricing.

Question

Quizplus · Accepted Answer

Cost-plus pricing involves calculating the cost of producing a product and then adding a specified percentage or dollar amount as a markup to arrive at the final price. This method is often used by sellers to ensure that they cover their costs and make a profit.

A Seller's Costs Are Usually Determined During or After a Product