 | Arriving at the Final Price
After reading this chapter you should be able to:
- Describe how to establish the "approximate price level" using demand-oriented, cost-oriented, profit-oriented, and competition-oriented approaches.
- Recognize the major factors considered in deriving a final list or quoted price from the approximate price level.
- Identify the adjustments made to the approximate price level on the basis of discounts, allowances, and geography.
- Name the principal laws and regulations affecting specific pricing practices.
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