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__________ Refers to Business Exchanges or Transactions That Occur Electronically

question 151

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__________ refers to business exchanges or transactions that occur electronically such as B2C, B2B, and C2C.


Definitions:

Target Costing

A pricing method that involves determining a product's selling price and then subtracting desired profit to arrive at a target production cost.

Target Costing

A pricing strategy where the selling price of a product is determined first, and then the manufacturing cost is managed to meet that target price.

Price Control

Government or company policies aimed at regulating or setting prices for goods and services in a market.

Economic Value

The quantification of the advantage that a product or service delivers to an economic participant.

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