The ________ pricing strategy means adding up all the costs involved,such as material,labor,rent,overhead,and so forth,and adding a percentage mark-up as profit.
A) cost-plus
B) competitor model
C) revenue markup
D) price percentage

Question

Quizplus · Accepted Answer

The cost-plus pricing strategy involves calculating all costs involved in producing a product or service and adding a markup percentage as profit. This method ensures that all costs are covered and provides a sufficient margin of profit. The other options mentioned do not accurately describe this pricing strategy.

The ________ Pricing Strategy Means Adding Up All the Costs