Companies that perform in less competitive markets and their market offerings significantly differ are classified as
A. independent revenue approach
B. market based approach
C. cost based approach
D. dependent revenue approach
Answer: Option C
Solution (By Examveda Team)
Companies that perform in less competitive markets and their market offerings significantly differ are classified as cost based approach. Cost based pricing is one of the pricing methods of determining the selling price of a product by the company, wherein the price of a product is determined by adding a profit element (percentage) in addition to the cost of making the product.This Question Belongs to Management >> Management Accounting
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