The Cost-Plus Pricing Approach's Major Advantage Is

question 41

Multiple Choice

The cost-plus pricing approach's major advantage is

• A)it considers customer demand.
• B)that sales volume has no effect on per unit costs.
• C)it is simple to calculate.
• D)it can be used to determine a product's target cost.

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Definitions:

Tangible Things

Objects or items that can be physically touched and seen, possessing material existence as opposed to abstract concepts.

Identification

The process of recognizing and acknowledging the specific identity of a person or thing.

Goods

Tangible and movable personal property that can be sold or bought.

Acceptance

In contract law, the expression by the offeree of their agreement to the terms of the offer, forming a legally binding contract.