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Meaning of "cost-plus pricing" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF COST-PLUS PRICING

cost-plus pricing  [ˌkɒstˈplʌs ˈpraɪsɪŋ] play
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GRAMMATICAL CATEGORY OF COST-PLUS PRICING

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Cost-Plus pricing is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES COST-PLUS PRICING MEAN IN ENGLISH?

Cost-plus pricing

Cost-plus pricing is a pricing strategy which is used to maximize the rates of return by companies. Firms may accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost, and then charging a price which is determined by the demand curve. However, in practice, most of the firms use either value-based pricing or cost-plus pricing which is also known as mark-up pricing.. There are several variations of cost-plus pricing, but the most common method is to calculate the cost of the product then add a percentage of the cost as markup. This approach sets prices covering the cost of production and provides enough profit margin for the firm to reach its target rate of return. It also provides a way for companies to calculate how much profit they will make. Cost-plus pricing is often used on government contracts, and has been criticized as promoting wasteful expenditures in the form of direct costs, indirect costs, and fixed costs whether related to the production and sale of the product or service or not.

Definition of cost-plus pricing in the English dictionary

The definition of cost-plus pricing in the dictionary is the setting of prices at cost plus a percentage.

WORDS THAT RHYME WITH COST-PLUS PRICING


casing
ˈkeɪsɪŋ
de-icing
ˈdiːˈaɪsɪŋ
enticing
ɪnˈtaɪsɪŋ
facing
ˈfeɪsɪŋ
hissing
ˈhɪsɪŋ
icing
ˈaɪsɪŋ
invoicing
ˈɪnvɔɪsɪŋ
missing
ˈmɪsɪŋ
placing
ˈpleɪsɪŋ
practising
ˈpræktɪsɪŋ
pricing
ˈpraɪsɪŋ
promising
ˈprɒmɪsɪŋ
purchasing
ˈpɜːtʃɪsɪŋ
racing
ˈreɪsɪŋ
self-sacrificing
ˌsɛlfˈsækrɪˌfaɪsɪŋ
self-sufficing
ˌsɛlfsəˈfaɪsɪŋ
servicing
ˈsɜːvɪsɪŋ
spacing
ˈspeɪsɪŋ
tracing
ˈtreɪsɪŋ
underpricing
ˌʌndəˈpraɪsɪŋ

WORDS THAT BEGIN LIKE COST-PLUS PRICING

cost-benefit
cost-benefit analysis
cost-conscious
cost-cutting
cost-effective
cost-effectively
cost-effectiveness
cost-in-use
cost-of-living adjustment
cost-of-living allowance
cost-of-living increase
cost-of-living index
cost-plus
cost-push inflation
costa
Costa Brava
Costa Rica
Costa Rican
costae
costal

WORDS THAT END LIKE COST-PLUS PRICING

butter icing
community policing
coppicing
cornicing
dancing
devoicing
differential pricing
dynamic pricing
fondant icing
nonpracticing
policing
predatory pricing
rejoicing
road pricing
royal icing
top slicing
transfer pricing
unit pricing
unnoticing
unrejoicing
voicing

Synonyms and antonyms of cost-plus pricing in the English dictionary of synonyms

SYNONYMS

Translation of «cost-plus pricing» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF COST-PLUS PRICING

Find out the translation of cost-plus pricing to 25 languages with our English multilingual translator.
The translations of cost-plus pricing from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «cost-plus pricing» in English.

Translator English - Chinese

成本加成定价
1,325 millions of speakers

Translator English - Spanish

fijación de precios de costo más
570 millions of speakers

English

cost-plus pricing
510 millions of speakers

Translator English - Hindi

लागत से अधिक मूल्य निर्धारण
380 millions of speakers
ar

Translator English - Arabic

التسعير على أساس التكلفة زائد
280 millions of speakers

Translator English - Russian

затраты плюс цены
278 millions of speakers

Translator English - Portuguese

preço acrescido do custo
270 millions of speakers

Translator English - Bengali

মূল্য-মূল্য মূল্য
260 millions of speakers

Translator English - French

prix de revient majoré
220 millions of speakers

Translator English - Malay

Harga tambah kos
190 millions of speakers

Translator English - German

Kosten-Plus- Preis
180 millions of speakers

Translator English - Japanese

コストプラスの価格設定
130 millions of speakers

Translator English - Korean

비용 을 더한 가격
85 millions of speakers

Translator English - Javanese

Ragad biaya-plus
85 millions of speakers
vi

Translator English - Vietnamese

giá cả chi phí cộng
80 millions of speakers

Translator English - Tamil

செலவு-பிளஸ் விலை
75 millions of speakers

Translator English - Marathi

खर्च-प्लस किंमत
75 millions of speakers

Translator English - Turkish

Maliyet artı fiyatlandırma
70 millions of speakers

Translator English - Italian

prezzo di costo maggiorato
65 millions of speakers

Translator English - Polish

koszt plus cen
50 millions of speakers

Translator English - Ukrainian

витрати плюс ціни
40 millions of speakers

Translator English - Romanian

de stabilire a prețurilor de cost - plus
30 millions of speakers
el

Translator English - Greek

cost-plus τιμολόγησης
15 millions of speakers
af

Translator English - Afrikaans

kosteplusprysing
14 millions of speakers
sv

Translator English - Swedish

kostnadsplus prissättning
10 millions of speakers
no

Translator English - Norwegian

kost-pluss prising
5 millions of speakers

Trends of use of cost-plus pricing

TRENDS

TENDENCIES OF USE OF THE TERM «COST-PLUS PRICING»

The term «cost-plus pricing» is normally little used and occupies the 141.580 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
34
/100
The map shown above gives the frequency of use of the term «cost-plus pricing» in the different countries.
Principal search tendencies and common uses of cost-plus pricing
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «cost-plus pricing».

FREQUENCY OF USE OF THE TERM «COST-PLUS PRICING» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «cost-plus pricing» during the past 500 years. Its implementation is based on analysing how often the term «cost-plus pricing» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about cost-plus pricing

EXAMPLES

10 ENGLISH BOOKS RELATING TO «COST-PLUS PRICING»

Discover the use of cost-plus pricing in the following bibliographical selection. Books relating to cost-plus pricing and brief extracts from same to provide context of its use in English literature.
1
Management and Cost Accounting
Our earlier discussion relating to short-run and long-run pricing suggested that, where it was virtually impossible to estimate demand, cost-plus pricing should be used by a price-setter. Cost- plus pricing was illustrated using the data presented  ...
Colin Drury, 2008
2
Marketing
cost-based pricing Adding a dollar amount or percentage to the cost of the product cost-plus pricing Adding a specified dollar amount or percentage to the seller's cost markup pricing Adding to the cost of the product a predetermined ...
William Pride, Ferrell, 2008
3
Handbook of Pricing Research in Marketing
In adopting cost-plus pricing, the estimation results show that the most significant pricing objectives are to increase or maintain profit and to maintain a rational pricing structure. Indeed, one of the key reasons behind the popularity of cost- plus ...
Vithala R. Rao, 2009
4
Pricing and Revenue Optimization
2.2.1 Cost-Plus Pricing Cost-plus pricing is perhaps the oldest approach to setting prices and still one of the most popular. It has a compelling simplicity— determine the cost of each product and add a percentage surcharge to determine price.
Robert Phillips, 2005
5
Pricing with Confidence: 10 Ways to Stop Leaving Money on ...
There is nothing wrong with cost-plus pricing as long as it does a good job of leveraging the financial value you create for customers. Confidence in pricing requires building on your current capabilities. At the beginning that often means taking ...
Reed Holden, Mark Burton, 2010
6
Business-to-business Brand Management: Theory, Research and ...
For example, managers seem to say they use cost-plus pricing strategies, such as contribution pricing, target return pricing, or markup pricing primarily in situations where it is difficult to determine demand. Yet Nagle and Hogan (2006, p.
Mark S. Glynn, Arch G. Woodside, 2009
7
Marketing Channel Management: People, Products, Programs, ...
Making the expected profit when using a cost-plus pricing method requires that the marketers maintain close control over product costs and marketing expenses or, when costs increase, be willing to accept a lower profit if the selling price is to  ...
Russell W. McCalley, 1996
8
A New Guide to Post Keynesian Economics
A related characteristic of markets based on cost-plus pricing is that marginal and average variable costs are approximately constant, while average total costs generally decrease. Greater demand therefore generates no increase in unit costs ...
Richard P. F. Holt, Steven Pressman, 2001
9
Pricing on Purpose: Creating and Capturing Value
If one were to lay the two theories of value—labor and subjective—side by side, it would look like this: Cost-Plus Pricing—Labor Theory of Value Product » Cost » Price » Value » Customers Pricing on Purpose—Subjective Theory of Value ...
Ronald J. Baker, 2010
10
CIMA - C01 Fundamentals of Management Accounting
A price determined using full cost plus pricing is based on full cost plus a percentage mark-up for profit. A traditional approach to pricing products is full cost plus pricing, whereby the sales price is determined by calculating the full cost of the ...
Bpp Learning Media, 2009

10 NEWS ITEMS WHICH INCLUDE THE TERM «COST-PLUS PRICING»

Find out what the national and international press are talking about and how the term cost-plus pricing is used in the context of the following news items.
1
Summit Research Positive on Micron (MU); Sees 2nd-Half DRAM …
The advantage to the hyperscale client might be that they may be able to strike a cost-plus pricing model to avoid paying full margin while ... «StreetInsider.com, Jun 15»
2
Cost-Plus or Value-Based (Services)
Can these firms practice cost-plus pricing? They can, till the day they try to outbid their competitor in a reverse auction. In the case of commodity services, the ... «Wiglaf Journal, Jun 15»
3
What Medtech Can Learn from the Auto Industry
For years, Detroit had the market cornered, affording car companies the luxury of a cost-plus pricing model. Then, in the 1990s, foreign ... «Medical Device and Diagnostics Industry, Jun 15»
4
Reliance Power, Adani's Bangladesh forays to hinge on pricing
Cost-plus pricing refers to a selling price set by the company after it adds a profit margin to its production cost. Under bidding process, the price ... «Hindustan Times, Jun 15»
5
Energy regulator fails 90-day limit to announce price hikes
Adding this amount to the existing price of gas, using a cost-plus pricing strategy, is a novel undertaking. The commission agrees with the ... «DhakaTribune, May 15»
6
Culinary Ladies of the Eighties: Cathe Dailey: Ambitious …
I knew I wanted a wine program where people didn't feel gouged, so that's where we came up with the cost-plus pricing rather than a big ... «Austin Chronicle, May 15»
7
Chunky or Smooth? Retailer and Distributor Value-Based Pricing in …
When executives realize they should focus on managing price image, pricing itself must move from cost-plus pricing and move towards value-based pricing. «Wiglaf Journal, Mar 15»
8
Lessons From Local Self Sustained Retailers
The stores practice a cost-plus pricing strategy in which prices are set by the wholesale cost plus a certain profit margin. Inventory and inventory ... «Free press journal, Mar 15»
9
William LaPlante: Air Force Could Use Cost-Plus Contract to …
William LaPlante, assistant secretary for acquisition at the U.S. Air Force, said he expects the military branch to use a cost-plus pricing strategy ... «GovConWire, Mar 15»
10
Q&A: Should you dump the billable hour?
Hourly billing is a form of cost-plus pricing. It allows a fair profit margin. It can be justified by cost. And it is profitable. My argument against it is ... «Journal of Accountancy, Feb 15»

REFERENCE
« EDUCALINGO. Cost-Plus pricing [online]. Available <https://educalingo.com/en/dic-en/cost-plus-pricing>. Apr 2024 ».
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