Cost-Plus Pricing Adds an Amount to

question 163

Multiple Choice

Cost-plus pricing adds an amount to

• A)The cost of the product or service to cover operating costs and contribute to its profit.
• B)Variable and fixed costs to cover overhead.
• C)The sales price to cover unexpected costs.
• D)Contribution margin to cover fixed costs.

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Definitions:

Entrepreneurs

Individuals who start, organize, manage, and assume the risks of a business or enterprise, often innovating and creating new products or services.

Easily Discouraged

Quick to lose confidence or enthusiasm in the face of challenges or setbacks.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and operating a new business venture.

Setbacks

Unforeseen events or challenges that slow progress or cause plans to be revised.