Check my work Which of the following statements about cost-plus pricing is most accurate?...
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Accounting
Check my work Which of the following statements about costplus pricing is most accurate? Multiple Choice Costplus pricing guarantees a company a specific dollar amount of profits only if costs are kept to a given level. There is little or no incentive to cut costs after winning a contract under costplus pricing because there is a direct correlation between costs and profits. Companies that are competing for business using a costplus contract are incentivized to set prices high in an effort to win the contrct Once a company secures a contract under costplus pricing, there is extreme pressure to cut costs.
Check my work
Which of the following statements about costplus pricing is most accurate?
Multiple Choice
Costplus pricing guarantees a company a specific dollar amount of profits only if costs are kept to a given level.
There is little or no incentive to cut costs after winning a contract under costplus pricing because there is a direct correlation between costs and profits.
Companies that are competing for business using a costplus contract are incentivized to set prices high in an effort to win the contrct
Once a company secures a contract under costplus pricing, there is extreme pressure to cut costs.
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