Which of the following is a drawback of the cost-plus method?
a. The final price may be so high that the firm's competitiveness is compromised.
b. It is so variable that the actual price cannot be substantiated.
c. There is a high turnover of product resulting in cost fluctuations.
d. It is a time-consuming method.
Question 2
When the people who answer a mail survey are different in important ways (e.g. income level) from the people who did not answer the survey, the survey is said to have ______ error.
Fill in the blank(s) with correct word
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