Examlex
One component of the ordering cost of inventory is shrinkage.
Mark-Up Percentage
The percentage added to the cost price of goods to cover overhead and profit, determining the selling price.
Material Charge
A fee or cost applied for the materials used in the manufacturing or production of goods.
Material Cost
The cost of raw materials and components used to create a product.
Price Skimming
A pricing strategy where a company charges the highest initial price that customers will pay and then lowers it over time.
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