Rather than billing clients by the hour, a group of lawyers and their clients agree on a fixed fee based on expected expenses plus a profit for the law firm.Which pricing method are they using?
A)target pricing
B)cost-plus pricing
C)customary pricing
D)experience curve pricing

Question

Quizplus · Accepted Answer

Cost-plus pricing involves summing the total unit cost of providing a product or service and adding a specific amount to the cost to arrive at a price.

Rather Than Billing Clients by the Hour, a Group of Lawyers