Asked by
Arturo Moraga
on Nov 12, 2024
Verified
A practical approach that is frequently used by managers when setting normal long-run prices is the cost-plus approach.
Cost-Plus Approach
A pricing strategy where a fixed percentage is added to the production cost to determine the sale price of a product.
- Comprehend different strategies for product pricing, such as cost-plus pricing.
Verified Answer
DS
Learning Objectives
- Comprehend different strategies for product pricing, such as cost-plus pricing.
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