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

Question

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] · Answer 1 · 2023-05-06T09:07:22+03:00

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