James is trying to determine the best price for his new fishing poles.He decided to divide all of his costs by the number of fishing poles he will be manufacturing, to come up with a price.James is using _________________.

Question

Quizplus · Accepted Answer

James is using average-cost pricing, which involves dividing the total cost by the number of units produced to determine a per-unit cost. This cost is then used as the basis for setting the price for the product.

James Is Trying to Determine the Best Price for His