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Management

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Nov 24, 2024

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Uploaded by BrigadierWillpower1924

10/30/23, 9:31 AM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4637687&cmid=1260610&page=5 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHB - Nardi / CHAPTER 5 - Pricing Methods / Chapter 5 Quiz Question 6 Correct Mark 1.00 out of 1.00 The advantage of using the cost plus pricing strategy is: Select one: a. It removes any costs that do not add value to the product. b. It ensures that the company covers all product costs and earns a profit.  c. It considers market and customer information. d. It looks at the relationship between price and quantity demanded. Your answer is correct. Explanation: The main advantage of cost plus pricing is the company can ensure that it covers the product costs and earns a profit. The correct answer is: It ensures that the company covers all product costs and earns a profit.

10/30/23, 9:31 AM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4637687&cmid=1260610&page=5 2/2

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