Average pricing is an appropriate pricing approach for small businesses because the method takes into consideration both fixed and variable costs.

Name: Average pricing is an appropriate pricing approach for small businesses because the method takes into consideration both fixed and variable costs.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Average pricing does not specifically account for fixed and variable costs; it simply averages the cost of goods sold to set a price, which may not cover all expenses or reflect market conditions.

Average Pricing Is an Appropriate Pricing Approach for Small Businesses