Which of the Following Statements Is True of Cost-Based Pricing

question 39

Multiple Choice

Which of the following statements is true of cost-based pricing?

• A) It determines the price by adding a fixed margin to the per-unit cost of a product.
• B) It determines the price based on the amount consumers are willing to pay for a product.
• C) It is seldom used in the real world.
• D) It is more market-focused than demand-based pricing.

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Definitions:

Health Care Facilities

Institutions that provide medical or surgical treatment and nursing care for sick or injured people.

Infectious Diseases

Diseases caused by pathogenic microorganisms, such as bacteria, viruses, parasites, or fungi, that can be spread, directly or indirectly, from one person to another.

Primary Motivator

The main driving force or incentive that leads an individual to take action or behave in a certain way.

Nursing

A healthcare profession focused on the care of individuals, families, and communities to maintain, or recover optimal health and quality of life.