Dennis determines that a new blinking slinky will cost him $3.50; he adds 20 percent to make the new cost $4.20. This pricing is called cost-plus pricing.

Name: Dennis determines that a new blinking slinky will cost him $3.50; he adds 20 percent to make the new cost $4.20. This pricing is called cost-plus pricing.
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Question

Quizplus · Accepted Answer

Cost-plus pricing is pricing in which an entrepreneur initially determines his or her cost structure and then determines what profit margin is desired and adds that to the cost.

Dennis Determines That a New Blinking Slinky Will Cost Him