When a lawyer and her client agree on a fixed fee based on expected costs plus a profit for the law firm, rather than billing on an hourly basis, this is an example of Blank______ pricing.

Question

When a lawyer and her client agree on a fixed fee based on expected costs plus a profit for the law firm, rather than billing on an hourly basis, this is an example of Blank______ pricing.
Multiple choice question.

price lining

experience curve

target

cost-plus

GPT-4o mini · Answer

This is an example of **cost-plus** pricing.