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The ________ approach is useful for short-run pricing decisions and the ________ approach is useful for long-run pricing decisions. contribution; absorption absorption; contribution full costing;

The ________ approach is useful for short-run pricing decisions and the ________ approach is useful for long-run pricing decisions.

  1. contribution; absorption
  2. absorption; contribution
  3. full costing; target costing
  4. full costing; contribution

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