Why is it important for managers to understand the concept

Reference no: EM133476334

Discussion Post: Accounting Product Pricing

Answer the following question(s) in your own words:

Question 1. Why is it important for managers to understand the concept of "product pricing?"

Question 2. Which pricing method do you believe is the most accurate - cost plus, product cost, or target costing? Why?

Question 3. Give a personal example of a product that you believe is priced too high and why? Too low and why?

Reference no: EM133476334

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