Value Pricing Is a Matter of Reengineering the Company's Operations

question 37

True/False

Value pricing is a matter of reengineering the company's operations to become a low-cost producer.

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Definitions:

Contingency Fee

A legal fee that consists of a specified percentage of the amount the plaintiff recovers in a civil lawsuit. The fee is paid only if the plaintiff wins the lawsuit or recovers damages.

Hourly Fees

Charges or costs calculated based on the amount of time spent on providing services, typically expressed per hour.

Backing Up Data

The process of copying files or databases so that they will be preserved in case of equipment failure or other catastrophe.

Hourly Fees

Charges applied based on the amount of time spent on a task or service, usually quantified in hours.