Q367
In cost-plus pricing, 'plus' refers to a component named as
A.
off shore cost
B.
markup
AnswerC.
sunk cost
D.
outsource cost
Answer: Option B
Solution
Answer: Option B
Solution:
In cost-plus pricing, 'plus' refers to a component named as markup. Cost-plus pricing, also called markup pricing, is the practice by a company of determining the cost of the product to the company and then adding a percentage on top of that price to determine the selling price to the customer.