Services that are performed by lawyers, dentists, or doctors are typically priced using ____; sometimes these prices are not based on the amount of time that is spent in each situation, but are based on a flat fee regardless of the difficulty involved.

Pricing is the process through which a business determines the amount of money that clients pay for its goods and services. In setting the price, a company considers its production cost, desired mark up, competitors price, among others.

A fee charged by a professional for their services is called the professional price. Lawyers, doctors, dentists and other individuals with specialized skills field charge a professional price. The costs of inputs may not influence the fee that they charge. Some professional bodies may regulate the price set by their members.

​Services that are performed by lawyers, dentists, or doctors are typically priced using ____; sometimes these prices are not based on the amount of time that is spent in each situation, but are based on a flat fee regardless of the difficulty involved.

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Services that are performed by lawyers, dentists, or doctors are typically priced using ____; sometimes these prices are not based on the amount of time that is spent in each situation, but are based on a flat fee regardless of the difficulty involved.