Which Statement About Cost-Based Pricing Is Most Accurate

question 57

Multiple Choice

Which statement about cost-based pricing is most accurate?

• A)It determines price by adding a fixed margin to the per-unit cost of the product.
• B)It is popular among marketers because the stability of variable costs makes it simple to apply.
• C)It uses the same approach for setting prices as the demand-based approach.
• D)It is an interesting theoretical approach to pricing, but it is seldom used in the real world.

---

Definitions:

Distant Library

A service or facility that allows users to access books, journals, and other resources from a location physically separate from the actual collection, often through digital means.

Low-Cost Service

A service provided at a minimal expense, making it affordable to a wide range of consumers.

Supreme Court

The highest judicial court in a country or state, which has the ultimate judicial authority.

State Appellate Court

A court with the authority to review and amend the decisions of lower courts in that state, often focusing on legal errors rather than factual disputes.