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Pricing methods

Pricing methods (AO3)Price refers to the value of a good or service that is paid by the customer.The price of a product will usually cover the costs of production, allowing the business to earn profit.The syllabus requires students to understand the appropriateness of the following nine pricing methods (AO3):1. Cost-plus (mark-up)2. Penetration3. Loss leader4. Predatory

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