Rather than billing clients by the hour, some lawyers and their clients agree on a fixed fee oriented on expected costs 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
E)bundle pricing

Question

Quizplus · Accepted Answer

The pricing method being used is cost-plus pricing since the fixed fee is determined by adding expected costs plus a profit margin.

Rather Than Billing Clients by the Hour, Some Lawyers and Their