Average-cost pricing is a method for determining the price of an offering by adding a standardized markup on top of the costs for the offering.

Name: Average-cost pricing is a method for determining the price of an offering by adding a standardized markup on top of the costs for the offering.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Average-cost pricing involves setting the price of an offering based on the average cost of production, which includes both fixed and variable costs, but does not necessarily involve adding a standardized markup.

Average-Cost Pricing Is a Method for Determining the Price of an Offering