Price-setters emphasize a cost-plus pricing approach.

Name: Price-setters emphasize a cost-plus pricing approach.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost-plus pricing involves setting a price by adding a markup to the cost of producing or acquiring a product or service. This approach is commonly used by price-setters, who are focused on covering their costs and making a profit rather than competing with other firms based on the market price.

Price-Setters Emphasize a Cost-Plus Pricing Approach