cost-plus

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Definitions from WordNet

Adjective cost-plus has 1 sense

cost-plus - determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit; "a cost-plus government contract"
Antonym: determinate (indirect, via indeterminate)

Definitions from the Web

Term: cost-plus

Noun (Business)

Definition: A pricing strategy in which the price of a product is determined by adding a specific amount or percentage to the cost of manufacturing.

Example sentence: The company decided to use a cost-plus pricing model, ensuring that their profit margin was maintained.

Adjective

Definition: Describing a contract or pricing method that calculates the selling price by adding a specified amount to the actual cost.

Example sentence: The construction project was based on a cost-plus agreement, ensuring that all expenses were fully covered.

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