Cost-based pricing

Cost-based pricing,

Definition of Cost-based pricing:

  1. 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?

  1. The cost-based pricing method allowed us to view the information with regards to our products sales in comparison to other metrics.
  2. You may want to try and use cost-based pricing so that you can get the most out of your product when they sell.
  3. 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