Fill in the Blank QuestionFill in the blank question.Over the _ run, selling prices must cover both fixed and variable costs.

Fill in the Blank QuestionFill in the blank question.Sales minus variable costs is called .

Fill in the Blank QuestionFill in the blank question.A cost includes both fixed and variable components.

Fill in the Blank QuestionFill in the blank question.Cost-plus pricing adds a to cost to get selling price.

Fill in the Blank QuestionFill in the blank question. cost equals total fixed cost plus total variable cost

Setting prices based on the costs of production is known as …………………….?Select one:a.Market skimming pricingb.Cost-based pricingc.Penetration pricingd.Competitive pricing