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Power Company
An entity that generates, transmits, and distributes electricity to consumers and businesses within a specific area or region.
Cost-Oriented Approach
A pricing strategy where the price of a product is determined based on the cost of production plus a markup percentage for profit.
Cost-Plus Pricing
a pricing strategy where the selling price is determined by adding a specific markup to a product's unit cost.
Skimming Pricing
A pricing strategy where a high price is set for a new product to maximize profits layer by layer from segments willing to pay the high price before lowering the price over time.
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