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During the war,which Wilson claimed would make the world safe for democracy,states
Value-Based Pricing
Setting the price of a product or service based on the perceived value it offers to customers rather than its cost of production.
Operating Cost
Expenses associated with the day-to-day functions of a business, excluding the cost of goods sold (COGS).
Useful Life
The estimated duration of time that an asset is expected to be usable for its intended purpose.
Target Costing
A pricing strategy in which a company determines the potential selling price of a product before designing it and then subtracts a desired profit margin to arrive at a target cost.
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