Cost-plus pricing

Cost-plus pricing is a pricing strategy in which a company sets the price of a product or service at the sum of the cost of the good or service plus a percentage markup. The percentage markup is usually calculated as a percentage of the company’s total cost. The main advantage of cost-plus pricing is that … Read more

Categories ERP

International System of Units (SI)

The International System of Units, or SI, is the modern metric system of measurement. It is the world’s most widely used system of units, and is the standard metric system in use today. The SI system includes seven base units: the metre, kilogram, second, ampere, kelvin, mole, and candela. These units are used to measure … Read more