Question: What is a drawback of using cost - plus pricing when determining the price of hospitality services? It assumes that overhead and fored expenses are

What is a drawback of using cost-plus pricing when determining the price of hospitality services?
It assumes that overhead and fored expenses are the only costs incurred.
It ignores how guests feel and what they are willing to pay for services.
It ignores competition and what they are charging for services.
It assumes that the product being offered is not of high quality.
What is a drawback of using cost - plus pricing

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