Target return pricing,
Definition of Target return pricing:
The process of setting an items price by using an equation to compute the price that will result in a certain level of planned profit given the sale of a specified amount of items. By using a target return pricing method, a business is able to set its products prices at such levels that its corporate profit objectives are likely to be met if sales continue to run at or above the amount specified.
Meaning of Target return pricing & Target return pricing Definition