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1. Why would it be necessary to perform a cost estimate prior to actually pricing? 2. How would prices influence the worth of goods? Explain.

1. Why would it be necessary to perform a cost estimate prior to actually pricing? 2. How would prices influence the worth of goods? Explain. 3. Is it true that business competition raises or lowers prices? Why? 4. How do prices have an influence on the earnings of a business? Explain

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