Economics · Pricing Strategies
Which of the following statements about full cost-plus pricing are true? 1. It is appropriate when fixed costs are relatively large. 2. It is appropriate for long-term pricing. 3. It will guarantee a profit is made if the budgeted sales level is achieved. 4. It will produce a price similar to what competitors are charging.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 3 and 4
- 21, 2 and 3
- 33 and 4 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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