pricing involves setting prices based on the costs for producing,distributing,and selling the product plus a fair rate of return for the company's efforts and risks.
A)Fixed cost
B)Cost- based
C)Variable
D)Skimming
E)Value- based

Question

Quizplus · Accepted Answer

Cost-based pricing involves using the cost of production, distribution, and selling the product as the basis for setting the price. It also includes a fair rate of return for the company's efforts and risks. Therefore, B is the best choice. Fixed cost, variable cost, skimming, and value-based pricing are other pricing strategies that are not as relevant to this scenario.

Pricing Involves Setting Prices Based on the Costs for Producing,distributing,and