akwasiaddae33 akwasiaddae33
  • 11-02-2021
  • Business
contestada

How do you think companies determine the price for their products?

Respuesta :

santosh1801
santosh1801 santosh1801
  • 11-02-2021

Answer:

Companies typically know the gross profit margin they need to pay back their expenses and generate positive net income and cash flow. Once your company knows the cost of sales (cost of goods and services sold) of a particular product and the Gross Profit Margin Target it wants, it can easily employ a GPMT strategy.

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