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Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094

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BuyFindarrow_forward

Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

Although the cost-plus approach to product pricing may be used by management as a general guideline, what are examples of other factors that managers should consider in setting product prices?

To determine

Product pricing: Product pricing is the method used for fixing the price for the products sold or the services offered to the consumers.

To Explain: The general guidelines the managers should consider in setting product prices.

Explanation

In general the cost-plus approach is used by management while setting the product price. However there are other things as well that needs to be considered...

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