Cost Plus Pricing method concentrates only on
Cost of production and...........
Production
1) Profit margin
3) Abnormal profit
3) Excess profit
4) Saving of the firm
Answers
Answer:
4)Saving the firm is the option
Answer:
1) Profit margin
Explanation:
Markup pricing is another name for cost-plus pricing. This pricing strategy adds a certain percentage to the price of producing a single unit of a good (unit cost). The resultant figure represents the item's selling price.
This pricing strategy ignores prices set by rivals and focuses only on unit costs. Due to the fact that it ignores outside influences like competition, it is often not the ideal option for many organisations.
Cost-plus pricing is frequently used by retailers in the garment, supermarket, and department store industries. These situations involve a variety of goods being sold, allowing for the application of various markup rates to various goods.
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