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Which pricing method involves calculating the costs of production and adding a percentage to make a profit? A Competitive pricing B Cost plus pricing C Loss leader D Price skimming - AQA - GCSE Business - Question 3 - 2020 - Paper 1
Question 3
Which pricing method involves calculating the costs of production and adding a percentage to make a profit? A Competitive pricing B Cost plus pricing C Loss le... show full transcript
Worked Solution & Example Answer:Which pricing method involves calculating the costs of production and adding a percentage to make a profit? A Competitive pricing B Cost plus pricing C Loss leader D Price skimming - AQA - GCSE Business - Question 3 - 2020 - Paper 1
Step 1
Identify the Correct Pricing Method
Answer
The correct pricing method that involves calculating the costs of production and adding a percentage to make a profit is B Cost plus pricing. This method ensures that all production costs are covered while also guaranteeing a desired profit margin.