A price placed on a product or service that is less than the seller paid to create it. A company might engage in this sort of pricing in order to increase market share at the expense of profitability.
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Definition of below cost: A price placed on a product or service that is less than the seller paid to create it. A company might engage in this sort of pricing in order ...
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Definition of below cost: The recognition of a price expense when it has been incurred. This expense does not get recorded until payment has been recorded.
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