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Case-Based Critical Thinking Questions Case 3-1 Sally has been using spreadsheets for sometime on her job. She uses it in making purchasing decisions. Sally is getting a promotion and she has been asked to train James as her replacement. James has never used a spreadsheet. Sally tells James that if he wants the cell reference to automatically change when moved or copied he should use a(n) ____ reference.
Cost-Plus Pricing
A pricing strategy where the selling price is determined by adding a specific markup to a product's total cost.
Full Cost
The total cost of production that includes direct and indirect costs, such as raw materials, labor, and overhead expenses.
Mark-Up Percentage
A pricing strategy that sets the selling price of a product by adding a specific percentage to its cost price.
Cost-Plus Pricing
A pricing strategy where the selling price is determined by adding a specific markup to a product's cost, ensuring all costs are covered and a profit is guaranteed.
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