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

Define the term ‘cost-plus pricing’.

The advantage of using the cost-plus pricing strategy is:Select one:a. It removes any costs that do not add value to the product.b. It ensures that the business covers all product costs and earns a profit.c. It considers market and customer informationd. It looks at the relationship between price and quantity demand.

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

______ is the percentage of the cost that is added to the cost to get the selling price.

The difference between the cost and the selling price