Question
The following statements have been made about cost-plus pricing: (1) a price in excess of full cost per unit will ensure that a company will
The following statements have been made about cost-plus pricing:
(1) a price in excess of full cost per unit will ensure that a company will cover all its costs and make a profit.
(2) Cost-plus pricing is an appropriate pricing strategy when jobs are carried out to customers' specifications.
Which of the above statements is/are true? *
l only
Both 1 and 2
Neither 1 nor 2
2 only
Step by Step Solution
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Step: 1
Explanation Full cost plus pricing is a pricesetting method under which you add together the direct ...
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A Balanced Introduction to Computer Science
Authors: David Reed
3rd edition
132166755, 978-0132166751
