Suppliers who provide unique products and services (e.g.accountants and management consultants)usually use ________ pricing.

Question

Quizplus · Accepted Answer

Cost-plus pricing takes into account the direct and indirect costs of producing or providing a product or service, and then adds a markup to determine the selling price. For suppliers who offer unique products and services, it may be difficult to find comparable products or services to set a target price, and full cost pricing may not accurately reflect the true value of the product or service. Cost-plus pricing allows suppliers to cover all costs and make a profit, while also ensuring the price reflects the unique value of their product or service.

Suppliers Who Provide Unique Products and Services (E