Examlex
A biochemical test, in the microbiology world, is used to determine
Cost-plus Pricing
A pricing strategy where a fixed percentage or a fixed amount is added to the cost price to determine the selling price.
Return on Investment
A measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of investment.
Markup
The amount added to the cost of a product to cover expenses and generate profit, often expressed as a percentage of the cost.
Absorption Costing
An approach in accounting that involves adding all production-related costs, whether stable or variable, into the product’s final price.
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