Definition of Multiple component pricing

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TeachMeFinance.com - explain Multiple component pricing



Multiple component pricing

The term 'Multiple component pricing ' as it applies to the area of agriculture can be defined as ' The practice of valuing farm milk according to the value of its protein, fat, and mineral content. This practice has been adopted by many regions for federal milk marketing orders. Historically, milk was priced solely on the basis of fat content'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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