Economics B A-Level
Cost-plus pricing
What Cost-plus pricing means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Cost-plus pricing
Check what you remember
Read the wording for your board, then hide it and explain Cost-plus pricing in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Calculating a mark-up on unit cost by adding a percentage mark-up to the unit cost of a product to ensure a profit margin.
Topics that use Cost-plus pricing
- Competing on price (Pearson Edexcel A-Level)
Related terms
- Market competition
- Price elasticity of demand
- Pricing strategies
- Product life cycle
- Penetration pricing
- Predatory pricing
- Price skimming
Using Cost-plus pricing in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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