Question

Companies that are considered pricesetters usually employ the​ _________________ approach to pricing products.

Answer 1

Cost-plus pricing

Step-by-step explanation:

Cost-plus pricing is a pricing method used by companies where the cost of a product id determined and a percentage is added to the cost to determine the selling price of the product.

For example if it costs $5 to make a lemonade, you then add $5 and sell the lemonade for $10. This is an example of cost plus pricing