In Cost-Based Pricing, Which Costs Are Appropriately Included in the Cost

question 42

Multiple Choice

In cost-based pricing, which costs are appropriately included in the cost base?

• A) Variable production costs only
• B) Production costs only
• C) All production and non-production costs
• D) Any of the above may be used

---

Definitions:

Psychodynamic

A psychological perspective that emphasizes the influence of the unconscious mind on behavior.

Humanistic

Relating to or supporting the principles of humanism, emphasizing the value and agency of human beings, individually and collectively.

Biological

Pertaining to the science of life or living organisms, focusing on their structure, function, growth, origin, evolution, and distribution.

Behavioural

Related to the actions or reactions of a person in response to external or internal stimuli.