BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This is the production cost involve in the tertiary sector
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This is the cost of supplies minus manufacturing processes
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This is the cost, that decreases as time passes
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This is the cost of manufacturing product plus a profit mark-up
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Detailed explanation-1: -Cost-plus pricing is a pricing strategy by which the selling price of a product is determined by adding a specific fixed percentage (a “markup") to the product’s unit cost. Essentially, the markup percentage is a method of generating a particular desired rate of return.
Detailed explanation-2: -Cost-plus pricing is also known as markup pricing. It’s a pricing method where a fixed percentage is added on top of the cost it takes to produce one unit of a product (unit cost). The resulting number is the selling price of the product.
Detailed explanation-3: -A cost-plus contract is an agreement to reimburse a company for expenses incurred plus a specific amount of profit, usually stated as a percentage of the contract’s full price.
Detailed explanation-4: -Cost-plus pricing, also known as markup pricing, involves calculating total costs, then applying a markup percentage to those costs to reach an asking price. Retail brands aim for a 30-50% profit margin.
Detailed explanation-5: -Cost-plus pricing, also known as markup pricing, involves calculating total costs, then applying a markup percentage to those costs to reach an asking price. Retail brands aim for a 30-50% profit margin.