Examlex
__________ pertains to the major functional departments within the business unit.
Value-based Pricing
A pricing approach that sets the cost of a product or service according to its perceived worth to the consumer, rather than the expenses involved in its creation.
Preventive Maintenance
Scheduled maintenance on equipment or systems aimed at preventing unexpected failures or extending their life.
Target Costing
A pricing method that involves identifying the desired profit margin and market price, then working backward to determine the maximum cost that can be incurred on a product.
Return on Investment
An indicator for assessing an investment's effectiveness, determined by dividing the net profit by the investment's total cost.
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