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15.4 Read the following three statements: a Pareto's principle can be used in cost estimation. It is possible for production rates to increase over time
15.4 Read the following three statements: a Pareto's principle can be used in cost estimation. It is possible for production rates to increase over time due to the learning curve effect. c) Perceived value pricing is practised when a fixed percentage is added to the cost of a product. Which of the above statements is/are correct? (1) [1] a, b and c [2] a and c 131 a and b [4] band c
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