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IQ QUIZ#
76
CATEGORY
Finance
Which pricing strategy works best in a high-mix job shop?
A
Cost-plus
B
Marked-based
C
Flat rate
D
Subscription
Which pricing strategy works best in a high-mix job shop?
A
Cost-plus is the best pricing strategy in a high-mix job shop.
WHY
Cost-plus pricing means you calculate the total cost to complete a job - including material, labor, machine time, overhead, and even programming time, and then add a fixed percentage markup for profit.
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