The following statements have been made about cost-plus pricing: (1) a price in excess of full cost

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The following statements have been made about cost-plus pricing:

(1) a price in excess of full cost per unit will ensure that a company will cover all its costs and make a profit.

(2) Cost-plus pricing is an appropriate pricing strategy when jobs are carried out to customers' specifications.

Which of the above statements is/are true? *

l only

Both 1 and 2

Neither 1 nor 2

2 only

Related Book For answer-question

A Balanced Introduction to Computer Science

ISBN: 978-0132166751

3rd edition

Authors: David Reed

Posted Date: Jan 22, 2022 09:37 AM

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The following statements have been made about cost-plus pricing: (1) a price in excess of full cost

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Explanation Full cost plus pricing is a pricesetting method under which you add together the direct ... View the full answer

A Balanced Introduction to Computer Science

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