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Alexxx [7]
2 years ago
10

Given that there is a serious disadvantage to cost-based pricing, how would you account for its widespread use in retailing and

other businesses?
Business
1 answer:
Levart [38]2 years ago
3 0

Cost-based pricing is sometimes justified by arguing that it ensures that a company receives a good profit on the products that it sells.

<h3>What is cost based pricing?</h3>

It should be noted that cost based pricing simply means a pricing method based on cost of production and distribution of a product.

In this case, cost-based pricing is sometimes justified by arguing that it ensures that a company receives a good profit on the products that it sells.

Learn more about cost based pricing on:

brainly.com/question/18489977

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