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Q: Why the manager need two know the cost of his business?
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Continue Learning about Economics

Why have aims and objectives?

Without Aims and Objectives how do you know where your business is heading for the future. You need it achieve your aims of the business.


What information do you need before you can decide which type of business might be the most successful?

Before I can choose a business, I need to know how much competition there is in my community. For example, if competition for outdoor footwear is high, the coffee shop might be the better choice. I also need to know which business has factors of production that are possible for me to meet. For example, how many employees would I need for each business?


Why are people important in the business environment?

A business can only run if there are people that can run a business these would be called the owner's, manager's ect... the business also need people to make the product with is the employee's. if there is going to be a product produce they need people to buy it customers (s). to make the Product the need raw materials e.g. paper, food ect... they need people to provide this which would be the suppliers. all of these people all come under a group called stakeholders and they our the blood of the business. no people no business. simple!! hope it help! :)


How can you generate prices for goods and services?

There are a number of ways. Firstly you need as does any business to know what it costs the business to product a product or deliver a service. All business have overheads (costs) These will (for the example here) be the cost of the utilise such as heating, lighting and water. The cost of man-power, the cost of the raw materials to make the product, the machinery required to make the product to the point where its ready for the customer to buy. You will need to include the cost of transporting to the customer, the packaging to hold the product and even the cost of the space required to store the product ready for delivery. Then you need to look at the administration of the business, telephone charges, line rentals, computers and monitors, printers and their inks, envelopes and paper for billing, postage charges and the software needed to maintain this like word processors, databases and of course you'll need to cost in accountancy packages and people to use these. Its a considerable amount of work figurug this out. But is is vital as you need to know what costs you have to cover to make just t the one item. Then you can start to work out what the company needs to operate you can start to look at what you are going to sell. You need in the first stages to work out the "making" or production process of the product time and materials need to make the one and then you can ascertain what the break even cost is and then add in a % for profit margin Selling a service is similar Whilst this seems a huge piece of work it is actually what every new business needs to do to get a cost factor accuratley in palce. You can, if you have a "competitor" selling the same service or product find out what they charge and start at that poin but you will still need to be mindful of what its costs YOU do make or provide a product/service. The leaner you can work and keep cost down (because youve looked at your running cost) the more cometitive you can be.


What is the average cost for brochure printing?

Cost of brochure printing varies. To get a quote you need to know how many brochures you need. You also need to pick a type of paper to use. There are different qualities available. Usually picture inserts cost extra.

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i becom juniar manager. i need business knowledge and business skills.


I am a business and need a loan for my business expansion. How will I know my eligibility?

Contact your business account manager is the first step to investigating loan potentials


A manager is trying to see how business has been going. She wants to know if there is a need for any type of change in how they are doing business. What should she do?

conduct a business analysis


A manager is trying to see how business has been going. She wants to know if there is a need for any type of change in how they are doing business. What should she do?

Conduct a business analysis. (APEX)


What is the number of Flyleafs manager?

The number of Flyleaf's manager probably isn't for the general public to know. But their tour manager's name is Katy, so hopefully that will help you if you need to get in touch with her for a business reason.


What education do you need to be a business manager?

You have to have a masters degree


What skills do you need to be a manager?

To be a manager, you would have to know what your responsibilities are. It is also a prerequisite to have experience on the field you wish to manage. A degree in business and administration may help perk up your managerial aspirations.


What is the cost of starting small business in Virginia Beach?

I would need to know what type of business you are talking about before I can answer your question.i-mentor@hotmail.com


What is the cost of business insurance?

It depends on your business operations, gross reciepts, sub-out, payroll if any, and some other factors. Do you know what types of policies you need for your business?


What kind of classes who you need to be a baseball general manager?

There are no classes in becomming a baseball general manager. You would however need a business degree.


What tools do you need to become a business manager?

Im not actually sure... Sorry


How many years of schooling do you need to become a business manager?

You need around 4-6 yearss..