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Rigid Cost-plus Pricing
A pricing strategy where a fixed percentage is added to the total cost of production to determine the price of a product, without flexibility.
Pricing Strategies
The methods and tactics businesses employ to price their products or services effectively to attract customers and achieve profitability.
Flexible Cost-plus Pricing
A pricing strategy where the selling price is determined by adding a specific markup to a product's variable cost, allowing for adjustments based on market conditions.
Competitive Influences
External pressures that affect how companies operate and compete with one another within the market.
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