Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

If a firm covers the cost of production for its product and also adds a 15% profit to the price it charges its customer, then this is considered ________. Group of answer choices break-even regulation price-cap regulation Average cost pricing regulation cost-plus regulation

Sagot :

eooyibo123

Answer:

cost-plus regulation

Explanation:

Pricing regulation is the strategy the a government uses in controlling the price of commodities at the retail markets and other stages in the production process.

The cost-plus regulation of prices allows businesses the set prices on goods that will meet up with the cost of production of the good and also add a normal rate of profit.

In the given instance the firm covers the cost of production for its product and also adds a 15% profit to the price it charges its customer.

This is cost-plus regulation.

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.