Question: 1. a.What are the basic principles for pricing decisions? Advise. (12 marks) b. When a firm attempts to adopt cost-plus pricing, compare and contrast the

1. a.What are the basic principles for pricing decisions? Advise. (12 marks)

b. When a firm attempts to adopt cost-plus pricing, compare and contrast the contribution approach, absorption-cost approach, and target costing approach and illustrate with examples.

2. Under what circumstances a manufacturing company may consider making or buying certain parts or products? Explain and illustrate with examples.

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