What are the two common cost-oriented pricing methods?
A) marginal cost and marginal revenue pricing
B) full-cost and incremental-cost pricing
C) markup and markdown pricing
D) profitability and volume pricing

Question

Quizplus · Accepted Answer

Cost-oriented pricing methods focus on covering costs and achieving a desired profit. Full-cost pricing includes all fixed and variable costs, while incremental-cost pricing considers only the additional costs of producing one more unit.

What Are the Two Common Cost-Oriented Pricing Methods