When a company is a price-setter,it emphasizes a cost-plus approach to pricing.

Name: When a company is a price-setter,it emphasizes a cost-plus approach to pricing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When a company is a price-setter, it has the power to set the price of its products or services. In this scenario, the company usually uses a cost-plus approach to pricing, which means adding a markup percentage to the cost of producing or providing the product or service to determine the selling price. Therefore, the statement is true.

When a Company Is a Price-Setter,it Emphasizes a Cost-Plus Approach