Examlex
What is the fundamental rule of business communication?
Target Cost
The maximum amount that can be spent on a product in order to generate the desired profitability level.
Cost-Plus Approach
A pricing strategy where a fixed percentage or fixed amount is added to the cost of producing a product or service to determine its selling price.
Markup
The amount added to the cost of goods to cover overhead and profit, represented as a percentage of cost or a fixed amount.
Selling Expenses
Costs associated with the marketing and sale of a company's products or services, excluding production costs.
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