The main advantage of cost-plus pricing is its simplicity.

Name: The main advantage of cost-plus pricing is its simplicity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost-plus pricing is a straightforward pricing strategy that adds a markup to the cost of producing a product or service. It is simple to calculate and does not require extensive market research or analysis. However, it may not take into account external factors like competition or consumer demand, and may result in pricing that is not competitive in the market.

The Main Advantage of Cost-Plus Pricing Is Its Simplicity