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Business Planning MCQs

One common method for selecting prices is called Cost Pricing Strategy. This means:

Calculating the Costs of Production/Service per unit and adding a per unit profit margin

Comparing to market norms and adding/subtracting premium based on perceived quality

Estimating price consumers wish to pay

Answer

Correct Answer: Calculating the Costs of Production/Service per unit and adding a per unit profit margin

Explanation:

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