Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Rather than billing clients by the hour, a group of lawyers and their clients agree on a fixed fee based on expected expenses plus a profit for the law firm. Which pricing method are they using?

Sagot :

Rather than billing clients by the hour, a group of lawyers and their clients agree on a fixed fee based on expected expenses plus a profit for the law firm. They are using cost-plus pricing.

Cost Plus opened its first store in 1958 at 2552 Taylor Street, Fisherman's Wharf, San Francisco, California. This place he closed permanently in 2020. [3] Founder William Amthor discovered that San Francisco residents loved imported discount retail goods when he sold some rattan furniture. The author was running a small, family-owned furniture store in San Francisco at the time, but instead of displaying rattan furniture in his store, he decided to sell it to San Francisco's Fishermen in his 4,000-square-foot storage space in his Wharf neighborhood.

I borrowed The rattan furniture sold quickly, and Amthor was persuaded to start importing goods as a new business. In late 1958, he opened his first store dedicated to imported goods and began importing wicker by ship.[4] In 1962, with the help of his Tandy Corporation in Texas, Cost Plus Another import chain was formed called Imports. These stores were renamed Pier 1 Imports in 1965 and sold in 1966.

Learn more about cost-plus  here

https://brainly.com/question/20734353

#SPJ4

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.