Asked by
Benton Price
on Dec 05, 2024Verified
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.
Verified Answer
CM
Learning Objectives
- Acquire insight into the application of the cost approach in pricing and its consequences for maintaining ethical pricing practices.
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