The First Step in Pricing a Service Is to Define

question 23

True/False

The first step in pricing a service is to define the unit of service consumption.

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Definitions:

Synthesis

The process of combining simpler substances chemically to form a more complex substance.

Starting Material

The specific substances or compounds that undergo chemical reactions to produce the desired product.

Reaction

A process that results in the transformation of chemical substances into other substances through the breaking and forming of chemical bonds.

Ethyl Formate

An ester formed from formic acid and ethanol, known for its use as a solvent and in the manufacture of flavors and fragrances.