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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 else can I help you with?
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
Who decides on the prices of goods and services in china?
Ryan radebe
Who Perform the task of rationing scarce goods or services?
In most markets ___________ perform the task of rationing scarce goods or services. AnswerA.non-monetary prices B.monetary prices C.government organizations D.private organizations E.food banks
The amount of goods and services that consumers are willing to buy at various prices?
the cost
Who decides distribution methods and prices for goods and services in UK?
i need answers
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
An overall rise in the prices of goods and servies?
Inflation is an overall rise in the prices of goods and services. When the usual price level rises, each unit of currency buys fewer services and goods.
Who decides on the prices of goods and services in china?
Ryan radebe
What does a government do in a socialist country?
set prices for goods and services
What does the government do in the socialist country?
set prices for goods and services
What are medieval blacksmith prices?
There may have been monetary costs, but just as often as not tradesman used barter as a means to exchange services for services, goods for services or goods for goods. In other words, they traded.
What effect can consumers behavior have on you?
You will pay higher prices on goods and services.
Who Perform the task of rationing scarce goods or services?
In most markets ___________ perform the task of rationing scarce goods or services. AnswerA.non-monetary prices B.monetary prices C.government organizations D.private organizations E.food banks
What effect can unethical consumer behavior have on you?
You will pay higher prices on goods and services.
Is when a central authority controls prices and production of goods and services?
A command economy
The amount of goods and services that consumers are willing to buy at various prices?
the cost
What refers to the persistent increase in the prices of goods and services?
inflation
