“If the price of a product is [then] based on a markup on the respective costs, one can justifiably speak of Marxist pricing. Karl Marx’s labour value theory is considered completely obsolete. Nonetheless, cost-plus pricing, which is nothing but Marxist pricing, not only lives on, but predominates. If one doesn’t believe in Marxism, one should get rid of Marxist pricing. That would certainly be beneficial from a profit standpoint.” (pp. 132-133)
True Profit! …Hermann Simon
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