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Term of the Day
BusinessDictionary.com
economic price
Definition
Selling price
that includes direct, indirect, and
hidden costs
like
downtime
and
opportunity cost
.
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Nearby Terms
economic order quantity (EOQ)
economic paradigm
economic performance
economic poison
economic power
economic pressure
economic price
economic price adjustment
economic principle
economic problem
economic production rate
economic profit
economic rate of return (ERR)
Popular 'Accounting & Auditing' Terms
accounting
payment terms
accounting concepts
financial management
marginal benefit
letter of credit (L/C)
asset
revenue
pro forma invoice
fixed cost
Mentioned in these terms
fixed price contract with economic price adjustment
economic price adjustment
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