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Price Mechanism

Price mechanism is the point, which equilibrates supply and demand within a market. It is a mechanism of pricing. The price mechanism is one, which allows the prices of good and services to be decided by the interplay between supply and demand. There is no centralized price fixing.

The price mechanism is the concept that the free market, when left to its own devices, will formulate fair prices of the goods or services on its own by the natural laws of supply and demand.

• Tell me about the most fun you have had on the job.

• Do you have any questions for me?

• What is Cost Accounting?

• What is difference between cost accounting and financial accounting?

• What is the cost sheet?

• What are the variable costs?

• Wat is BEP in Cost Accounting?

• Tell me about your experience in cost accounting?

• What is the difference between Expenses and Expenditure?

• Explain some of the methods used to allocate support costs?