Burying the Billable Hour with guest Ed Kless
Ditching Hourly
00:00
Cost Plus
cost plus pricing is actually a derivative of the labor theory. It's an idea that was put forward in 18 57, i think by a german economist. Theory says if you look at your costs and value them together, they're equal to what it took to put all the stuff together. So when you are practising marxist economists like karl mark, you start to set your price in order to come out on top.
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