One of the Drawbacks to the Use of Cost-Based Pricing

question 33

Multiple Choice

One of the drawbacks to the use of cost-based pricing is ________.

• A)the strategy's complexity
• B)the need for a rigid organisational structure for implementation
• C)how difficult it is to cover all production and marketing costs with this strategy
• D)the strategy's inability to consider competitive factors
• E)All of the above

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Definitions:

Leader

An individual who guides or influences a group towards achieving a common goal or vision.

Organizations

Structured groups of people with specific purposes or goals, working together to achieve them.

Utilitarianism

An ethical theory suggesting that the best action is the one that maximizes utility, usually defined as maximizing happiness and reducing suffering.

PR Professional

An individual specialized in public relations, responsible for handling communication between organizations and the public.