Cost-Plus Pricing Refers to

question 126

Multiple Choice

Cost-plus pricing refers to

• A)setting the price of a line of products at a number of different price points.
• B)adding a fixed percentage to the cost of all items in a specific product class.
• C)summing the total unit cost of providing a product or service and adding a specific amount to the cost to arrive at the price.
• 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 factors.

---

Definitions:

Prescription Drugs

Medications that legally require a medical prescription to be dispensed, typically regulated by legislation to require a medical diagnosis and supervision by a licensed healthcare provider.

Diabetes Testing Supplies

Products and devices used by individuals with diabetes to monitor their blood sugar levels, such as glucose meters, test strips, and lancets.

Reseller

A business that purchases goods or services with the intention of selling them to others, rather than consuming or using them.

General Services Administration

A U.S. government agency responsible for managing and supporting the basic functioning offices of the federal government, including procurement and property management.