Cost-based pricing is the process used to determine the profitability of a product at various levels of sales.

Name: Cost-based pricing is the process used to determine the profitability of a product at various levels of sales.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost-based pricing is a pricing strategy where the selling price is determined by adding a specific markup to a product's cost, not by analyzing profitability at different sales levels.

Cost-Based Pricing Is the Process Used to Determine the Profitability