In this video, we'll break down the basics of cost-plus pricing and how it can be used in business.
I'll cover what cost-plus pricing is, its benefits, and some of the common criticisms of this type of pricing.
00:00 Introduction to cost plus pricing
01:05 What is cost plus pricing?
01:33 Using mark up in pricing
02:22 Different costs in cost plus pricing
02:38 Direct costs and overheads and cost plus pricing
03:21 Deciding level of mark up in cost plus pricing
03:53 Advantages of cost plus pricing
04:22 Disadvantages of cost plus pricing
05:58 Free online pricing calculator
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