Cost-Plus Pricing Refers to

question 134

Multiple Choice

Cost-plus pricing refers to

• A) summing the total unit cost of providing a product or service and adding a specific amount to the cost to arrive at the price.
• B) setting the price of a line of products at a number of different price points.
• C) adding a fixed percentage to the cost of all items in a specific product class.
• D) setting prices to achieve a profit that is a specified percentage of the sales volume.
• E) increasing the price slightly to protect against undue profit losses from unforeseen environmental forces.

---

Definitions:

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public—by practicing sustainable and ethical operations across all aspects.

Universality

A principle or concept that is applicable or relevant across all situations, cultures, or contexts without exception.

Management Principles

Fundamental guidelines or rules for managing an organization effectively, often encompassing planning, organizing, leading, and controlling.

Archie Carroll

Archie Carroll is known for his work on corporate social responsibility (CSR), particularly for developing a pyramid model that outlines the responsibilities of businesses in society.