The simplest pricing method is cost-plus pricing, which involves adding a standard markup to the cost of the product.

Name: The simplest pricing method is cost-plus pricing, which involves adding a standard markup to the cost of the product.
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Quizplus · Accepted Answer

Cost-plus pricing is a pricing strategy where a standard markup (or profit margin) is added to the cost of the product, making it one of the simplest pricing methods. This strategy is commonly used in retail and manufacturing industries.

The Simplest Pricing Method Is Cost-Plus Pricing, Which Involves Adding