logo share us

Cost-based Pricing

   

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.
It uses the manufacturing costs of the product as the basis to arrive at the selling price of the product by adding either a fixed monetary amount but usually a percentage (margin) to the base price.


   
   
💡

Learn more about Cost-based Pricing.



More on pricing: By-Product Pricing, Decoy Effect, Demarketing, Dynamic Pricing, Loss Leader, more on pricing...

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.


add us to your desktop

Add MBA Brief to your desktop / iPad

   

© 2024 MBA Brief - Last updated: 23-4-2024  -  Privacy   |   Terms