cost-oriented pricing

Definition

A method of setting prices that takes into account the company's profit objectives and that covers its costs of production. For example, a common form of cost-oriented pricing used by retailers involves simply adding a constant percentage markup to the amount that the retailer paid for each product.

Related Videos




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

Have a question about this term? 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