Examlex
The two basic approaches to price setting are
Production Cost
The total expense incurred in manufacturing a product, including raw materials, labor, and overheads.
Postponement
A strategy in supply chain management that delays the final production or distribution of a product until customer orders are received to reduce inventory costs.
Higher
A term generally used to indicate a greater amount, level, or degree of something.
Associated Cost
Refers to the total expenses directly linked to a specific activity, product, or service.
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