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10/30/23, 8:27 PM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4638439&cmid=1260506 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHA - Nardi / CHAPTER 5 - Pricing Methods / Chapter 5 Quiz Question 1 Not answered Marked out of 1.00 Started on Monday, 30 October 2023, 10:57 AM State Finished Completed on Monday, 30 October 2023, 10:57 AM Time taken 7 secs Grade 0.00 out of 10.00 ( 0 %) The advantage of using the cost plus pricing strategy is: Select one: a. It looks at the relationship between price and quantity demanded. b. It removes any costs that do not add value to the product. c. It ensures that the company covers all product costs and earns a profit. d. It considers market and customer information. Your answer is incorrect. 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, 8:27 PM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4638439&cmid=1260506 2/2

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