pricing involves setting prices based on the expenses involved in producing, distributing, and selling a product plus a fair rate of return for a company's effort and risk.
A) Demand-based
B) Good-value
C) Competition-based
D) Cost-based
E) Value-added

Question

Quizplus · Accepted Answer

Cost-based pricing involves setting prices based on the costs of production, distribution, and selling, plus a fair rate of return.

Pricing Involves Setting Prices Based on the Expenses Involved in Producing