Question

the third step of cost based pricing is to ___________ ​

Answer 1

Answer:

Cost based pricing is the easiest way to calculate what a product should be priced at. This appears in two forms: full cost pricing and direct-cost pricing. So after designing the product, determining the cost of the product, one must set the price of the product as its determined cost.

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Answer 2

Setting the price based on cost is the third step in cost-based pricing. Convincing buyers of a product's value is the fourth step in cost-based pricing.