Cost-Based Pricing - Business concept of the day
Business Development
321 week ago — 1 min read
Definition: Cost-Based Pricing is a strategic form of pricing intended to cover the expenses of running your business. It is calculated by adding a profit percentage to the total cost of producing a product/service.
Example: A product that costs $100 to make & the sellers desire to make 20% profit will give a selling price of $120.
Business Insight: It is one of the easiest ways to price your products & services. This pricing model allows you to exercise increased scrutiny over your costs.
Posted by
GlobalLinker StaffWe are a team of experienced industry professionals committed to sharing our knowledge and skills with small & medium enterprises.
Network with SMEs mentioned in this article
View GlobalLinker 's profile
SME Inspirations
Most read this week
Trending
Learning & Development 22 week ago
Comments (7)
Please login or Register to join the discussion