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What factors affect pricing when determining a new selling price?
· The cost of production · The market demand for the product · The desired markup by the business owner
Name of three factors that will be affect the classification of a cost as direct or indirect?
Three factors that affect the classification of a cost as direct or indirect are: 1) Traceability, which refers to whether the cost can be directly traced to a specific product, service, or department; 2) Relevance to decision-making, which considers how the cost impacts financial decisions or budgeting; and 3) Cost behavior, which examines whether the cost varies with production levels or remains fixed, influencing its classification based on its relationship to the operational context.
How might marginal cost impact the activity of a producers?
It might lead a producer to charge more for a product or service.
6. How might marginal cost impact the activity of a producer?
It might lead a producer to charge more for a product or service.
What is the difference between absorption manufacturing cost and total cost with respect to product pricing?
The absorption cost is the portion that has to come out of the profits. You can usually pass on the cost of materials and labor, by adding them into the price of the product, but there is a limit to how much you can charge for the product. Above that limit, you might have to pay taxes, or transportation costs that cannot be added to the price of the product, and therefore, must be absorbed, lowering the profit.
What are the 3 Factors that will affect the classification of a cost as direct or indirect?
A direct cost must be traceable directly to the product. Indirect cost can't be traced to a specific product such as electricity.
What factors affect pricing when determining a new selling price?
· The cost of production · The market demand for the product · The desired markup by the business owner
What are the factor of rising cost of product?
Supply and demand are the most important factors in the rising cost of a product.
What are the various factors that affect the pricing of a product?
the pricing of a product is largely depended on the two main factors : - 1. Internal like cost of production profit margin etc 2. External like type of market, general economic conditions, competitors, nature of the product etc.
What factors affect the cost of dentures?
The condition of your teeth as well as the procedures required are factors that affect the cost of dentures. Read more at www.weputasmileonyourface.com/services.html
Name of three factors that will be affect the classification of a cost as direct or indirect?
Three factors that affect the classification of a cost as direct or indirect are: 1) Traceability, which refers to whether the cost can be directly traced to a specific product, service, or department; 2) Relevance to decision-making, which considers how the cost impacts financial decisions or budgeting; and 3) Cost behavior, which examines whether the cost varies with production levels or remains fixed, influencing its classification based on its relationship to the operational context.
Cost of wainscoting?
There are various factors that affect this, including material quality, style, finish, region and the scope of your project. The 'Relevant Link' on this page features a professional product and installer finder, where you can obtain definitive wainscoting cost for your area.
How might the cost of paternity affect society?
see link
How do you price product?
pricing a product depends upon the following factors which are1-product quality2-product features3-Product performance4-cost of production5-customer based pricing
Factors that affect Boeings planning?
Demand, cost of raw materials and competition
How might marginal cost impact the activity of a producers?
It might lead a producer to charge more for a product or service.
What are two factors that affect the cost of using a LMS hosting service?
There are factors that affect the cost of using an LMS hosting service. Two of these factors include, the type of the Learning Management System, the better the functions of the LMS the higher the cost and the other factor is whether the process is done in a partnership or not. A Partnership will mean splitting the costs.
