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What are the advantages and the disadvantages of the procedural paradigm?
Operating Expense
Costs associated with the day-to-day running of a business, such as rent, utilities, and salaries, but excluding the cost of goods sold.
Normal Selling Price
The regular price at which a good or service is typically sold, excluding any discounts or promotional offers.
Demand-Based Method
A method of price setting based on the demand for the product.
Yield Pricing
A pricing strategy in which prices are adjusted based on the demand and supply of goods or services to maximize revenue.
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