Yvonne estimates the average cost of her floral arrangements is $14 regardless of whether she is doing 5 or 20 arrangements that day.She adds a standard markup to the $14 estimate to determine her price.Yvonne is using a ________________ pricing method.

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Yvonne is using a cost-based pricing method because she is basing her prices on the estimated cost of producing the floral arrangements. She is using a standard markup on top of the estimated cost to determine her price, but the initial estimate is based on cost.

Yvonne Estimates the Average Cost of Her Floral Arrangements Is