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Case 2-2 Clyde is setting up the new computer that he just bought and wants to attach peripheral devices to the USB ports. When Clyde plugs a device in and the computer system configures it automatically, this is referred to as ____.
Cost-plus Pricing
A pricing approach that sets the selling price by adding a predetermined markup to the cost per unit of a product.
Return on Investment
A measure of the profitability and efficiency of an investment, calculated as net profit divided by the cost of the investment.
Selling Price
The price at which a product or service is sold to the customer.
Split-off Point
is the stage in a process where multiple products are derived from the same materials or process and each becomes separately identifiable.
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