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 on pricing... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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