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COST-BASED PRICING

COST-BASED PRICING

21 Sep 2021 Author Name : TSM

The success of any Business Organisation depends on how they are able

provide their product or service to the customers at a price decided by

the market.

Cost + Profit was an old concept and now it is Market Price – Desired

Profit = Cost

Due to competition organizations are forced to manufacture at market

decided cost.

On completion of this program, one can understand the basics of Cost

computation of cost for a product or a service and will be able to

provide competitive quotations for new orders