Hilda estimates the average cost of her scented candles is, Ask an Expert

Management Studies

Hilda estimates the average cost of her scented candles is $11 regardless of how many candles she makes on that day. She adds a standard markup to the $11 estimate to determine her price. Which pricing method is Hilda using?

A. Reference-based

B. Cost-based

C. Improvement value

D. Value-based

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92024242

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