Question

What type of pricing involves summing the total unit cost of providing a product or service and adding a specific amount to the cost to arrive at the price?

Answer 1

a COST-BASED PRICING METHOD

Step-by-step explanation:

COST-BASED pricing method is the type of pricing which involves summing the total unit cost of providing the product or services and adding a specific amount to the cost to arrive at the price. These costs includes all production cost in making the product available to the market and selling expenses incurred then add the desired amount of profit that the company wants to attain to come up the unit selling price of the product.