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Pricing is a problem in four general types of situations:
1) When the firm develops or introduces a new product and it is fix the price of the product for the first time.
2) When circumstances so develop that lead the firm to consider initiating a price change.
3) When company produces several products that have interrelated demands and costs.
4) When the company produces several products that have price change.
ADVANTAGES OF "ABC ANALYSIS" The advantages derived from this analysis and its consequent follow up are summarized below: 1) Facilities selective control and thereby save va
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