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dc.contributor.author Chaneta, Isaac (Dr.)
dc.date.accessioned 2011-05-11T12:47:02Z
dc.date.available 2011-05-11T12:47:02Z
dc.date.issued 2011-05-11
dc.identifier.uri http://hdl.handle.net/10646/640
dc.description Pre-print en_US
dc.description.abstract Although in practice, there are many ways of arriving at a price, these can be reduced for simplicity to two basic methods namely, cost-oriented and demand-oriented price determination. Cost-oriented pricing is typical in the real world. Accounting systems can estimate or accumulate the costs of doing particular tasks and profit – and – loss statements show very clearly that all costs should be covered. Costs provide a floor which prices cannot go (for long anywhere) and it is only logical that prices should be built on seemingly precise cost data. Cost-oriented pricing is not as simple or full-proof as it might seem at first glance. The analytical tools presented can improve cost-oriented pricing but management judgment is still required. Price determination is a serious matter that deserves careful study. The discussion shall begin by examining how most firms, including retailers and wholesalers set oriented prices. en_US
dc.language.iso en en_US
dc.subject pricing en_US
dc.subject cost-oriented pricing en_US
dc.subject demand-oriented pricing en_US
dc.subject mark-up en_US
dc.subject average-cost method en_US
dc.title Cost-oriented Pricing en_US
dc.type Article en_US


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