cost-based pricing

  

Definition

A pricing method in which a fixed sum or a percentage of the total cost is added (as income or profit) to the cost of the product to arrive at its selling price.

Use cost-based pricing in a sentence

  • A basic pricing method is cost-based pricing because it reaches the target price by taking a certain amount of the total cost and then just adding it to the production cost of the product to get to the selling price.

    Was this Helpful?   (3)   (0)
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/cost-based-pricing.html

Have a question about cost-based pricing? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z