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How should sales revenues be considered when determining oth

How should sales revenues be considered when determining other costs?

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Sales revenue is a function of sales price and volume. Sales price is determined in two ways. One sales price strategy is to set the price based on what the market is willing to pay or "market demand" price. The price is a function of competition, substitutes, affordability (some won't be ...

Solution Summary

Your tutorial is 194 words and explains the two pricing strategies and how costs result from these.

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