Examlex
Which of the following is not one of the three basic skills that executives must develop?
Cost-Plus Pricing
A pricing strategy where a fixed percentage is added to the production cost to determine the selling price of a product or service.
Markup Percentage
A markup percentage is the amount added to the cost price of goods to cover overhead and profit.
Break Even
Break-even is the point at which total cost and total revenue are equal, meaning there is no net loss or gain, and it's a critical measure of financial feasibility for businesses.
Contact Efficiency
The effectiveness of a business's or marketer's interactions with potential and existing customers, focusing on optimizing time and resources to achieve desired outcomes.
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