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Please briefly explain with examples. 1. Why are economic models seldom used for day-to-day pricing decisions? 2. Identify three reasons that cost-based approaches to pricing
Please briefly explain with examples.
1. Why are economic models seldom used for day-to-day pricing decisions?
2. Identify three reasons that cost-based approaches to pricing have traditionally been important.
3. Identify four drawbacks to cost-based pricing
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