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Pricing and Costing is defined as the two major factors which influences the business, and every business has two kinds of expense, the fixed expense and the variable expense, wherein the fixed expenses remain constant and the variable expenses keeps changing or keep recurring as and when the transaction volume changes. Pricing and costing goes hand in hand in any business.
Pricing and costing are two different things, any organisation, be it in manufacturing or services need pricing and costing experts. Costing is a key input for pricing, pricing is mostly dependent on costing but some external factors like competition market demand, life cycle of the product do influence the pricing. Frequently used costing strategy or methods are cost + pricing, competitive pricing, marginal cost pricing.
Pricing and Costing is of mammoth importance contributing to the field of accounting. Therefore it is needless to say that a proper understanding of the subject is mandatory to pursue a successful career in accounting. In order to assist all accounting graduates in a more effective manner, PupilBay offers dedicated accounting academic assistance on Pricing and Costing though our Pricing and Costing homework help service. Allied assistance including live clarifications, post delivery enhancements and Pricing and Costing exam or test preparation can be availed as well from our host of Pricing and Costing homework experts.
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