Which of the following is a cost-oriented pricing method?
A)standard markup
B)loss leader
C)at, above, or below market
D)price lining
E)penetration pricing

Question

Quizplus · Accepted Answer

Standard markup is a cost-oriented pricing method in which a specific amount or percentage is added to the cost of a product to determine its price. This method ensures that the price covers the costs incurred in producing, distributing, and selling the product and also includes a profit margin.

Which of the Following Is a Cost-Oriented Pricing Method