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Price-Setting Process
The series of steps businesses undertake to determine the price at which they will offer their products or services to the market, considering costs, demand, competition, and objectives.
Cost Estimation
The process of predicting the amount of resources, especially financial, required to complete a project or produce a product.
Pricing Constraints
Factors that limit the range of prices a firm may set.
Corporate Goals
The strategic objectives that a company aims to achieve, which guide its business operations and decision-making processes.
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