Pat Walker owns an environmental services company. The way Pat prices her services is to figure her cost and then add a 22 percent markup. The method that Pat uses to determine her prices is called:

Question

Quizplus · Accepted Answer

Pat's pricing method involves determining her costs and then adding a markup, which is characteristic of cost-based pricing. The other options (economic-based, value-based, competitive-based, and conformity-based pricing) involve different pricing strategies that are not based solely on cost.

Pat Walker Owns an Environmental Services Company