Examlex
______________________________ is an automated decision support system that generates manufacturing operations instructions and routings based on information about machining requirements and machine capabilities.
Customary Pricing
Setting prices based on what is traditionally expected or accepted within the market or among competitors.
Cost-plus Pricing
An approach to pricing in which a sale price is established by adding a specific extra amount to the product's per-unit cost.
Target Profit Pricing
Setting a product price based on a predetermined profit objective, rather than market or competitive conditions.
Return-on-investment (ROI)
A financial metric utilized to evaluate the efficiency of an investment or compare the efficiency of several different investments.
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