The statement concerned with pricing that is $\bold{not}$ true is:
A)Some entities may use variable costs only as the base for cost-based pricing
B)With less competition it is more likely that market-based pricing will be used
C)Cost-based prices are normally less than customers would be willing to pay
D)An advantage of cost-based pricing is its simplicity

Question

Quizplus · Accepted Answer

Cost-based pricing is based on the company's costs and profit margin, and may not reflect the maximum price customers are willing to pay. In contrast, market-based pricing takes into account customer demand and competitors' prices, resulting in prices that are closer to what customers would be willing to pay. Therefore, cost-based prices may be higher or lower than what customers are willing to pay, depending on the specific circumstances.

The Statement Concerned with Pricing That Is not\bold{not}not True Is: A)Some Entities May Use Variable Costs Only as

The Statement Concerned with Pricing That Is $\bold{not}$ True Is:
A)Some Entities May Use Variable Costs Only as