Question: Identify a true statement about cost - based pricing. a . Cost - based pricing requires an approximate estimate of the cost for pricing a

Identify a true statement about cost-based pricing.
a. Cost-based pricing requires an approximate estimate of the cost for pricing a product.
b. The markup percentage used in cost-based pricing includes only the desired profit.
c. Cost-based pricing is used only by manufacturing and trading companies.
d. An appropriate markup percentage is always required in cost-based pricing.

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