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Pricing decision
Price may be defined as the exchange of goods or services in terms of money. Without price firm can survive in the society. If money is not there exchange of goods can be undertaken, but without price, i.e. there is no exchange value of a product or service agreed upon in a market transaction is the key factor which affects the sake operations.
To a manufacturer, price represents quantity of money (or goods and services in a barter trade) received by the firm or seller. To a customer, it represents sacrifice and hence his perception of the value of the product. Conceptually, it is:
Price=quantity of money received by the seller / quantity of goods and services rendered received by the buyer
In this equation both the numerator and the denominator are important for price decisions.
Price of a product or service is what the seller feels it worth, in terms of money to buyer.
Cash budget is a detailed budget of income and cash expenditure including both capital and revenue items. For control reasons the year's budget is usually phased in smaller periods
Transition probabilities These are the probabilities of moving from one state to another in the next time period. Usually they are written in the form of a probability matrix.
Advantages of Transfer Pricing (a) Transfer pricing is similar to cost apportionment and allocation in that values of one department are passed to another. For cost apportionme
full explaination with diagram
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I need an example on how to solve a single and two product bundle
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