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What is the pricing method that establishes selling prices based on a stipulated rate above total production costs is?
Wiki User
∙ 11y ago
Gross Margin Pricing
Wiki User
∙ 11y ago
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What factors affect pricing when determining a new selling price?
· The cost of production · The market demand for the product · The desired markup by the business owner
All the producing selling and buying that people do is called?
production
What are the 4 economic factors of production on Chocolate?
Cost of cocoa beans Scale of production Cost to convert to chocolate Cost of selling and distribution
How does scarcity play a role in the factors of production?
it plays a role in the factor of production because if there is none, companies can produce more with a higher selling price.
What will happen if a product becomes more popular and there is a fall in the cost of its production?
If a product increases in poularity, and decreases its production cost, I would expect that the company selling this product is going to enjoy increased profits.
What factors affect pricing when determining a new selling price?
· The cost of production · The market demand for the product · The desired markup by the business owner
In the 4-p's branding is related to packaging as what?
When one considers the strategy decisions organized by the four Ps, branding is related to packaging as: A. pricing is to promotion. B. personal selling is to mass selling. C. branding is to pricing. D. production is to marketing. E. store location is to sales force selection.
What are the advantages of door to door selling?
It establishes a personal relationship between the customer and the seller.
What is the difference between production and selling costs?
production cost are how much it is to make the product and selling cost are how much you sell it for
What is the difference between target costing and cost-plus pricing?
Target Costing: It is the costing process in which company tries to reduces all costs of product to limit the selling price at specific targeted selling price. Cost Plus pricing: It is pricing method in which company uses all costs plus certain percentage of that cost as a profit margin to set selling price.
What is Competitors pricing method?
A way of determining prices based on what competitors are selling their products for.
Different types of costs of production?
production cost, selling cost and sundry cost
How do the marketing and societal concept differ from the selling concept?
societal concept deals with what the publics are waiting to get from the company, where as selling concept deals with terms and agreement after pricing.
How does the cost of production and the selling price affect the profit?
As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.
Who are the competitors for Milo?
The competitors of Milo are other malt product selling companies that have a same range of pricing as Milo.
All the producing selling and buying that people do is called?
production
What is selling a product at prices below the cost of production?
Dumping
