(Drury) Pricing Decisions and Profitability Analysis - A price-setting firm facing long-run pricing decisions - Pricing customized products/services
3 important questions on (Drury) Pricing Decisions and Profitability Analysis - A price-setting firm facing long-run pricing decisions - Pricing customized products/services
What characterizes customized products or services?
How are mark-ups related to the demand for a product?
Mark-ups are also likely to decrease when competition is intensive.
Why should cost-based pricing formula be used when the final price is likely to be altered by management?
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