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What are the reasons companies use coding schemes in their accounting information systems?
Interest Rate Schedules
Tables or charts detailing the interest rates applicable for various financial products or loans over time.
Markup Pricing
A pricing strategy where a fixed percentage is added to the cost of goods to cover expenses and profit.
Limit Pricing
A strategy where a firm sets its product prices low enough to deter new competitors from entering the market.
Price Leader
A company or product that has a large enough market share to influence the price levels of its products or services in the industry.
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