Explain the target pricing briefly
Explain the target pricing briefly.
Expert
Target pricing:
It is variation of full cost pricing. In this method, the cost is added along with the predetermined target rate of return upon capital invested. Under this case the company calculates approximate future sales; future cost and computed a targeted rate of return on capital invested. It is also termed as rate of return pricing.
Define the term unitary elastic.
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Illustrates the relatively elastic demand?
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