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