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Various rough stones and a polished gemstone representing cost-based pricing in product valuation.
Cost-Based Pricing, Fixed Costs, Variable Costs, Markup Pricing, Break-Even Pricing

Cost-based Pricing – Pricing based on Costs

Cost-based pricing involves setting prices based on the costs for producing, distributing and selling the product. But costs represent the other extreme: costs set the floor for the price that the company can charge.

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