Examlex
Directions: Write the equivalent indicated.
1 kg = _____ lb
Material Charge
A fee or cost applied for the materials used in the manufacturing or production of goods.
Material Cost
The cost of raw materials and components used to create a product.
Price Skimming
A pricing strategy where a company charges the highest initial price that customers will pay and then lowers it over time.
Product Price
The amount of money charged for a product, determined by factors like cost of production, market demand, and competitive pricing.
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