UNDERSTANDING BUSINESS (LL/ACCESS)
UNDERSTANDING BUSINESS (LL/ACCESS)
13th Edition
ISBN: 9781264671656
Author: Nickels
Publisher: MCG
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Chapter 14.7, Problem 14TP
Summary Introduction

To determine: The limitations of cost-based pricing strategies.

Introduction:

Cost based pricing strategy fixes the price of the product on the basis of the cost of the product. It adds a margin on the cost of the product to get the price of the product.

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