What Is the Difference Between Variable-Cost Pricing and Full-Cost Pricing

question 40

Essay

What is the difference between variable-cost pricing and full-cost pricing? When would a company choose one over the other?

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Definitions:

Undue Hardship

A principle in anti-discrimination law that refers to significant difficulty or expense incurred by an employer in making accommodations for people with disabilities.

Modification Costs

Expenses incurred to alter or upgrade a product, process, or system within an organization.

Diversity Management

Strategies and practices aimed at creating a positive work environment where the differences of all employees are recognized and valued.

Career Management

A series of formal and less formal activities designed and managed by the organization to influence the career development of one or more employees.