_____ is a variation of cost-oriented pricing and is closely related to markup pricing.
A) Cost-plus pricing
B) Odd-even pricing
C) Prestige pricing
D) Bundle pricing

Question

Quizplus · Accepted Answer

Cost-plus pricing is a variation of cost-oriented pricing and involves adding a markup or percentage to the cost of production to determine the final selling price. It is closely related to markup pricing, which also involves adding a set percentage to the cost of production. Both approaches are commonly used in retail and manufacturing industries to set prices for products and services. Odd-even pricing involves setting prices just below round numbers (e.g. $4.99 instead of $5.00) and is a form of psychological pricing. Prestige pricing involves setting high prices to create an image of luxury or exclusivity, while bundle pricing involves offering discounts when products are purchased together as a package.

_____ Is a Variation of Cost-Oriented Pricing and Is Closely