ABSORPTION PRICING Definition

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ABSORPTION PRICING is where all costs, both fixed and variable; plus a percentage mark-up for profit; are recovered in the price.

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COLLECTIVE INVESTMENT SCHEME, globally, is any arrangement for pooling several investors funds so that the pooled fund can obtain economies of scale and a spread of investments beyond the reach of individual investors. It is usually called an investment company in the U.S.A.

POP see PROOF OF POSTING.

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