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Definition: Cost-based Pricing is a method of determining the selling price of a product, wherein the price of a product is determined by adding a profit element to the cost of making the product. |
More on pricing: By-Product Pricing, Decoy Effect, Demarketing, Dynamic Pricing, Loss Leader, more... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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