When a firm determines the costs of producing or providing its product and then adds a fixed amount - 13646

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yousafbhutta

yousafbhutta

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When a firm determines the costs of producing or providing its product and then adds a fixed amount above that total to arrive at the selling price, it is called:

A) Competitor-based pricing

B) Value-based pricing

C) Cost-based pricing

D) Consumer-based pricing

 

Solution Description

 

.  When a firm determines the costs of producing or providing its product and then adds a fixed amount above that total to arrive at the selling price, it is cal