Only the direct costs of providing a service or producing a product are taken into account when making decisions on the selling price to charge to customers.

Name: Only the direct costs of providing a service or producing a product are taken into account when making decisions on the selling price to charge to customers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Indirect costs, such as overheads, are also considered in pricing decisions to ensure all costs are covered and a profit margin is achieved.

Only the Direct Costs of Providing a Service or Producing