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Among the most important uses of managerial accounting data are establishing price for a particular product...

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Finance

Among the most important uses of managerial accounting data areestablishing price for a particular product or service. This is howwe earn revenue. In many situations, there are external factorsthat impact the price that is set. This in turns impacts theorganization’s bottom line. It is important that a healthcaremanager has a solid understanding of pricing strategies. Identifyand discuss the pricing strategies available to a healthcaremanager. Be sure to discuss what it is; how it is used; and theadvantages/disadvantages of each one.

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Pricing strategies available to healthcare manager are 1 Cost plus pricing full cost profit margin This is traditional pricing strategy for manufacturing industry Advantage it ensures recovery of profit from    See Answer
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