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What are the elements necessary to create fire in the model represented by the fire triangle?
Cost-plus Pricing
A strategy for setting prices that involves adding a defined markup to the cost of each unit of a product.
Experience-curve Pricing
A pricing strategy that takes into account the reductions in unit costs as cumulative volume increases, due to gained efficiency and experience.
Experience-curve Pricing
A pricing strategy that lowers the cost of a product over time as the production processes become more efficient with experience.
Experience-curve Pricing
A pricing strategy based on the concept that costs decline and efficiency improves over time with accumulated production experience.
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