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Given that there is a serious disadvantage to cost-based pricing, how would you account for its widespread use in retailing and other businesses?

Respuesta :

Cost-based pricing is sometimes justified by arguing that it ensures that a company receives a good profit on the products that it sells.

What is cost based pricing?

It should be noted that cost based pricing simply means a pricing method based on cost of production and distribution of a product.

In this case, cost-based pricing is sometimes justified by arguing that it ensures that a company receives a good profit on the products that it sells.

Learn more about cost based pricing on:

https://brainly.com/question/18489977

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