List One Advantage and One Disadvantage for Each of the Following

question 104

Essay

List one advantage and one disadvantage for each of the following pricing methods: market-based and cost-based.
Correct

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Definitions:

Sufficiently Definite

A legal standard indicating that a contract or agreement contains clear, precise, and unambiguous terms that can be enforced.

Damages

Monetary compensation awarded by a court to a person who has suffered loss or harm due to the wrongful act of another.

Expenses Incurred

Costs that have been recognized or are payable due to business activities or transactions.

Breach Of Contract

The violation of any of the agreed-upon terms and conditions of a binding contract.