Cost-Plus Price: Determination, Advantages and Criticisms | Firms

In this article we will discuss about:- 1. Determination of Cost-Plus Price 2. Advantages of Cost-Plus Price 3. Criticisms. Determination of Cost-Plus Price: Prof. Andrews in his study, Manufacturing Business, 1949, explains how a manufacturing firm actually fixes the selling price of its product on the basis of the full-cost or average cost. The firm finds out the average direct [...]