The price set to cover costs and a predetermined percentage of profit is termed as ________________.

full-cost pricing

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going rate pricing

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target pricing

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marginal cost pricing

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Solution

The correct option is C full-cost pricing
Full cost pricing is a strategy wherein indirect costs and a profit margin are added to the direct costs to determine the selling price of a product.

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The price set to cover costs and a predetermined percentage of profit is termed as ________________.

The correct option is C full-cost pricingFull cost pricing is a strategy wherein indirect costs and a profit margin are added to the direct costs to determine the selling price of a product.

The correct option is C full-cost pricing
Full cost pricing is a strategy wherein indirect costs and a profit margin are added to the direct costs to determine the selling price of a product.