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- Cost-plus_pricing abstract "Cost-plus pricing is a pricing strategy companies use to maximize their rates of return.Firms may accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost and then charging a price which is determined by the demand curve. However, in practice, most firms use either value-based pricing or cost-plus pricing which is also known as mark-up pricing. (cost + mark-up = selling price).There are several variations of cost-plus pricing, but the most common method is to calculate the cost of the product then add a percentage of the cost as markup. This approach sets prices covering the cost of production and provides enough profit margin for the firm to reach its target rate of return. It also provides a way for companies to calculate how much profit they will make. Cost-plus pricing is often used on government contracts (cost-plus contracts), and has been criticized as promoting wasteful expenditures in the form of direct costs, indirect costs, and fixed costs whether related to the production and sale of the product or service or not. These costs are converted to per-unit costs for the product; then a predetermined percentage of these costs is added to provide a profit margin.Information regarding demand and costs is not easily available, and managers have limited knowledge in these areas. This information is necessary to generate accurate estimates of marginal costs and revenues. However, the process of obtaining this additional information is expensive. Therefore, cost-plus pricing is often considered the most rational approach in maximizing profits in these situations because of its ease of calculation and because little additional information is needed. The cost-plus approach relies on arbitrary costs and arbitrary markups.".
- Cost-plus_pricing wikiPageID "259119".
- Cost-plus_pricing wikiPageRevisionID "602169882".
- Cost-plus_pricing hasPhotoCollection Cost-plus_pricing.
- Cost-plus_pricing subject Category:Pricing.
- Cost-plus_pricing comment "Cost-plus pricing is a pricing strategy companies use to maximize their rates of return.Firms may accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost and then charging a price which is determined by the demand curve. However, in practice, most firms use either value-based pricing or cost-plus pricing which is also known as mark-up pricing.".
- Cost-plus_pricing label "Cost-plus pricing".
- Cost-plus_pricing label "Kalkulacja doliczeniowa".
- Cost-plus_pricing label "Tarification cost-plus".
- Cost-plus_pricing label "Zuschlagskalkulation".
- Cost-plus_pricing sameAs Zuschlagskalkulation.
- Cost-plus_pricing sameAs Tarification_cost-plus.
- Cost-plus_pricing sameAs Kalkulacja_doliczeniowa.
- Cost-plus_pricing sameAs m.01m5fl.
- Cost-plus_pricing sameAs Q932294.
- Cost-plus_pricing sameAs Q932294.
- Cost-plus_pricing wasDerivedFrom Cost-plus_pricing?oldid=602169882.
- Cost-plus_pricing isPrimaryTopicOf Cost-plus_pricing.