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What are limitations that apply to the use of cost-based pricing in financial services? Does not assure that the price is competitive since it's based
What are limitations that apply to the use of cost-based pricing in financial services?
- Does not assure that the price is competitive since it's based on costs
- May be leaving money on the table by not charging enough if costs are low versus competition
- The true value of the product or service to the customer is not taken into account
- It may not reflect the cost of the product since costing financial services is complex
- All of the above
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