________ pricing involves setting prices based on the costs for producing, distributing, and selling the product plus a fair rate of return for the company's efforts and risks.
A)Value-based
B)Fixed cost
C)Cost-based
D)Variable
E)Skimming

Question

Quizplus · Accepted Answer

Cost-based pricing involves setting prices based on the costs for producing, distributing, and selling the product plus a fair rate of return for the company's efforts and risks. This approach is often used in industries where the market is highly competitive and margins are slim. By using cost-based pricing, companies can ensure that their prices are competitive while still generating a reasonable profit. It is a common method used by manufacturers and retailers.

________ Pricing Involves Setting Prices Based on the Costs for Producing