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Harry's Industrial Supply Company Has Always Used Cost-Based Pricing

Question 120

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Harry's Industrial Supply Company has always used cost-based pricing.Harry's son-in-law is joining the business and recommends they change to value-based pricing.Harry enumerates the disadvantages of value-based pricing,while his son-in-law points out the advantages.What will each of them say?

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Harry will point out that it is extremel...

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