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Determination of prices in the framework of the Organic Law of Fair Prices in Venezuela

Marysela Coromoto Morillo Moreno () and Milángela Del Carmen Morillo Moreno ()
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Marysela Coromoto Morillo Moreno: Doctora en Ciencias Económicas y Empresariales de la Universidad de La Laguna España. Departamento de Contabilidad y Finanzas. Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida. Venezuela. Teléfonos: +58-2742401042 - +58- 0416 -3700695.
Milángela Del Carmen Morillo Moreno: Magister en Scientiae en Administración del Centro de Investigaciones y Desarrollo Empresarial. Universidad de Los Andes, Mérida, Venezuela.

Economía, 2017, vol. 42, issue 43, 141-174

Abstract: In the decisions of price fi xing there are quantitative and qualitative factors; out of which the fi rst to stand out is the level of costs. In Venezuela, after validation and application of the Organic Law of Fair Price, it is fi t to refl ect upon the foreseen procedures in the legal norm for the determination of prices in the spotlight of methodology and accounting procedures. It was discovered that in the country, maximum price se# ing was based on the level of costs whilst the levels of producer and importer only had a part of their cost structure recognized; this generates that a margin of benefi t between 20 and 30 percent is not actually obtained as a respective margin of maximum benefi t.

Keywords: Costs; prices; accounting; legislation. (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Date: 2017
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More articles in Economía from Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela Facultad de Ciencias Económicas y Sociales. Instituto de Investigaciones Económicas y Sociales. Campus Universitario Liria, Edificio G, Tercer Nivel. Mérida 5101, Estado Mérida, Venezuela. Contact information at EDIRC.
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