Question: How is price determined using cost-plus pricing? Question content area bottom Part 1 A. The price is set based on competitor's prices. B. The price

How is price determined using cost-plus pricing? Question content area bottom Part 1 A. The price is set based on competitor's prices. B. The price is set by adding a standard markup to the cost of the product. C. The price is set so that total revenue covers total costs. D. The price is set by determining the customer's value perceptions. E. The price is set based on demand

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