Examlex
Define three pricing strategies, and state when a small business would best use the strategy.
Discontinue
The process of ending the production and sale of a product or service, often due to strategic reevaluation or lack of success.
Purchasing Per Unit
The cost associated with buying an individual unit of product or material.
Relevant Costs
Costs that should be considered when making business decisions because they are future costs that differ between alternatives.
Fixed Overhead
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
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