Military Spending

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August 31, 2024 3 min read Definitions
Cost-Plus Pricing: Contract Strategy in Pricing
Economics Finance Government Regulations Cost-Plus Pricing Pricing Strategy Contracts Military Spending Cost Management
Cost-Plus Pricing refers to a contract pricing strategy where the final price consists of actual measured costs plus an agreed-upon percentage markup for profit. Although it offers simplicity, it is often criticized for encouraging cost inefficiency.
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