Compared to other pricing methods,__________ pricing is relatively simple.
A) improvement value
B) value-based
C) cost of ownership
D) reference-based
E) cost-based

Question

Quizplus · Accepted Answer

Cost-based pricing is relatively simple because it only involves determining the cost of producing a product or providing a service and adding a markup to determine the selling price. This method is straightforward and easy to understand, unlike other methods such as value-based pricing which requires extensive market research and analysis.

Compared to Other Pricing Methods,__________ Pricing Is Relatively Simple