Which of the Following Is Explains the Cost-Plus Approach to Pricing

question 205

Multiple Choice

Which of the following is explains the cost-plus approach to pricing decisions?

• A) arriving at a price for the product based on the competitive pricing prevalent in the market
• B) arriving at a price based on the perceived value to a customer given the cost of design and added features
• C) arriving at a price based on the demand and supply trends in the market
• D) arriving at a price that earns a specific return given the cost of the product