--%>
Assignment Help - homework help

Define the term cost plus pricing

Define the term cost plus pricing.

E

Expert

Verified

Cost plus pricing:

It is the most common method used for price. In this method, the price is fixed to envelop all costs and a predetermined percentage of profit that is the price is computed by adding an exact percentage to the cost of the product per unit. Such method is also termed as margin pricing or full costs pricing or say average cost pricing or may mark up pricing. The business firm in oligopoly and monopolistic market are given this pricing policy.

   Related Questions in Managerial Economics

  • Q : Implicit Labor Contracts If workers

    If workers accept lower wages in exchange for employer assurances of enhanced job security, employment agreements are illustrations of: (i) credentialism. (ii) comparable worth. (iii) specific training. (iv) an implicit labor contract. (v) human capital.

  • Q : Investment in Specific Human Capital An

    An investment in specific human capital arises while: (w) Chandra learns Japanese to be eligible for a potential job in Tokyo. (x) Chele has a face lift so she can increase her fees for high-fashion modeling. (y) Chelsea practices playing a harp and a

    		•
  • Q : Illustrates the types of Demand

    Illustrates the types of Demand Forecasting?

    		•
  • Q : Negative Relationship in Demand for

    The demand curve for labor can be demonstrated as a negative relationship between: (w) the quantity of labor demanded and the wage rate. (x) labor productivity and the quantity of labor used. (y) employment and output. (z) wages and GDP.

  • Q : Techniques of economic forecasting

    Illustrates the techniques of economic forecasting in briefly?

    		•
  • Q : Illustrates the meaning of Demand

    Illustrates the meaning of Demand?

    		•
  • Q : Very high fixed costs in contestable

    A market is improbable to be contestable when entry needs new firms to incur very high: (w) variable costs. (x) fixed costs. (y) principal-agent problems. (z) marginal costs. I need a good answer on the topic of Economics <

    		•
  • Q : Credentialism and Occupational Licensing

    Occupational licensing often requires qualifications with small relevance for performance in a specific position before an individual can legally be hired. Artificial and inefficient barriers to the practice of specific occupations, such as dog groome

    		•
  • Q : States the term Demand Estimation

    States the term Demand Estimation.

    		•
  • Q : Competitive Market Supplies of Labor

    The supply curve of labor which confronts a large but purely competitive industry is usually: (1) horizontal. (2) positively sloped. (3) backward bending. (4) vertical. (5) negatively sloped. Can a

    		•