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Benton Price
on Dec 05, 2024

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An escalator clause provides for an increase,but not a decrease,in price if costs change.

Escalator Clause

is a contract provision that allows for an automatic adjustment in prices or wages based on fluctuations in certain economic indicators.

Costs Change

Alterations in the financial expenditures associated with producing or obtaining goods and services.

  • Acquire insight into the application of the cost approach in pricing and its consequences for maintaining ethical pricing practices.
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Charlie McphersonDec 09, 2024
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