Which of the following is considered appropriate for cost-plus pricing?
I. Product Tailoring
II. Public Utility Pricing
III. Refusal Pricing
IV. Monopoly Pricing

I and II only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

I, II and III only

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

II, III and IV only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

III and IV only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D I, II and III only
Cost plus pricing a a cost based method of setting prices for goods and services.
Product Tailoring - Product tailoring refers to altering the offered product to cut down the cost of manufacturing the product and hence altering the cost.
Public Utility Pricing- this refers to manufacturing a homogeneous product with a monthly fixed cost and a constant marginal cost.
Refusal Pricing- Refusal pricing refers to the price or discount offered to a customer who has first refused to buy the company's product.

Suggest Corrections

Similar questions

Which of the following process / processes release heat ?
(i) condensation (ii) vaporisation (iii) freezing (iv) melting

(a) only (i) (b) only (iv) (c) (i) and (iii) (d) (ii) and (iv)

Digital signals

(i) Do not provide a continuous set of values,

(ii) Represent values as discrete steps,

(iii) Can utilize binary system, and

(iv) Can utilize decimal as well as binary systems.

Which of the above statements are true?

(a) (i) and (ii) only

(b) (ii) and (iii) only

(d) All of (i), (ii), (iii) and (iv).

Join BYJU'S Learning Program