Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 13 - Pricing Decisions and Cost Management - Assignment Material - Questions - Page 540: 13-10

Answer

Cost-plus pricing is a pricing strategy where a company sets the selling price by adding a predetermined markup or profit margin to the cost of producing a product or delivering a service.

Work Step by Step

Cost-plus pricing is a pricing strategy where a company sets the selling price by adding a predetermined markup or profit margin to the cost of producing a product or delivering a service.
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