Examlex
A college data base includes the number of people who are enrolled in each class the college offers. This is an example of:
Cost-Plus Approach
A pricing strategy where the selling price is determined by adding a specific markup to a product’s unit cost.
Markup
The additional sum included in the purchase price of items to account for overhead costs and profit, which establishes the retail price.
Demand-Based Concept
A pricing strategy where prices are set based on consumer demand, often leading to dynamic pricing models.
Market Price
The current price at which an asset or service can be bought or sold.
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