Definition of Cost-based pricing:
A pricing method in which a fixed sum or a percentage of the total cost is added (as income or profit) to the cost of the product to arrive at its selling price.
How to use Cost-based pricing in a sentence?
- The cost-based pricing method allowed us to view the information with regards to our products sales in comparison to other metrics.
- You may want to try and use cost-based pricing so that you can get the most out of your product when they sell.
- With so much competition in the jelly bean market, we had to move from a value based pricing model to a cost-based pricing valuation method.
Meaning of Cost-based pricing & Cost-based pricing Definition