A business will not be successful unless it charges a price for its products that covers its total
A)cost and a margin of profit.
B)cost of goods and selling cost.
C)fixed cost and overhead cost.
D)variable cost and cost of goods.

Question

Quizplus · Accepted Answer

In order for a business to be successful, it must charge a price for its products that covers its total cost and a margin of profit. This means that the price must not only cover the cost of goods and selling costs, but also fixed costs and overhead costs. Additionally, the price should ideally cover variable costs as well. Ultimately, the goal is to generate enough revenue to both cover costs and make a profit, which is why option A is the best choice.

A Business Will Not Be Successful Unless It Charges a Price