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Selling Price
The amount of money a buyer pays to purchase a product or service.
Absorption Costing
An accounting method that includes both variable and fixed manufacturing overhead costs in the cost of a product.
Cost-plus Pricing
A pricing strategy where the selling price is determined by adding a specific markup to a product's cost.
Return on Investment
A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the investment's cost.
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