Which of the Following Is Not an Advantage of Cost-Plus

question 134

Multiple Choice

Which of the following is not an advantage of cost-plus pricing?

• A)It is easy to calculate.
• B)It requires little information.
• C)If a firm is selling multiple products, it ensures that the firm's prices will cover costs that are difficult to assign to one product.
• D)It ensures that the firm will maximize its profits.

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Definitions:

Observable Traits

Characteristics or qualities of an individual or entity that can be seen or measured directly.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their behaviors and attitudes.

Social Perception

The process by which people form impressions and make inferences about other individuals and groups.

Stereotypes

Overgeneralized beliefs about a particular category of people, which can lead to biased attitudes and beliefs about individuals based on their group membership.