One of the advantages of the full-cost pricing approach is that it takes into consideration the competition and demand that exists for a product.

Name: One of the advantages of the full-cost pricing approach is that it takes into consideration the competition and demand that exists for a product.
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Question

Quizplus · Accepted Answer

The full-cost pricing approach primarily focuses on covering all costs and achieving a desired profit margin, rather than considering competition and demand.

One of the Advantages of the Full-Cost Pricing Approach Is