Answer :
when using a cost-based price, the denominator in the calculation always includes the costs included in the base plus the desired profit- True
cost-based price
A pricing range is frequently determined by a corporation, including floor and ceiling prices. These are the lowest and highest prices that a vendor would accept for a product or service. The seller then chooses the ultimate selling price based on the market circumstances. Cost-based pricing assists a company in determining the floor price. The following are the advantages or benefits of this pricing method: This strategy assures that a corporation is constantly profitable. However, for this to occur, the mark-up must be adequate to cover all expenditures. Furthermore, sales must meet or exceed objectives.
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