ACC5301_DB5_5.docx - Dr. RNJ and Classmates, The accounting...

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Dr. RNJ and Classmates,The accounting techniques learned this week are to underrstand how prices were set by pricingstartegies. Pricing strategies can be used for different types of objectives increasing market share,expanding profit margin. A number of pricing strategies are listed below:Absorption pricingAbsorption pricing is a method for setting prices in which the price of a product includes all ofthe variable costs also a portion of all fixed costs. The term includes the word absorbed because all costsare absorbed into the determination of the final price.Cost-plus pricingConsider adding up the markup cost of goods and services to arrive at a selling price. Under this
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Term
Spring
Professor
Ruankaew, Thanasak
Tags
Dr RNJ

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