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What is the total product that needs to sell to cover total cost?
Break-Even Point
What is customer delivered value?
Marketing is about meeting the needs of your targeted market, but also providing them with a value. this value is determined when subtracting the benefits a customer gets from the product with the the customer costs he does to get it. So for instance, if a customer looks for the image value, he has to see the costs he will incur to get it.
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 product analysis?
When people gather requirements, they're trying to understand what needs the product should fill. Requirements are the contents of the product. When you use product analysis to define the scope of the work to be done, you're figuring out what deliverables the team needs to work on in order to build your scope statement. So product analysis is concerned with how the work will be done, not what's in it.
What are sought goods?
sought goods are product that customer and needs and know the content of it
What is Total Product Cost?
total product that needs to sell to cover total costs
What is total product that needs to sell to cover total costs?
Break-Even Point
What is the total product that needs to sell to cover total cost?
Break-Even Point
Total product that needs to sell to cover total cost?
Break-even point
What is a breakeven analysis and why should one be included in a business plan?
Breakeven AnalysisBreak even is the the difference between revenue what is made through services or what it costs to manufacture a product. This is the prime costs, direct costs the difference of both revenue and total prime costs is called contribution. This contribution needs to cover fixed costs as well as total overheads indirect costs. Using breakeven is a good way of controling your costs and working out if your selling price is too high or low compared to your competitors, then it is a matter of using the competitor pricing method or the actual cost method to work out your mark up.Break even will tell you and most importantly your business advisors, the number of clients you need on a weekly, monthly basis. This will prompt you on how much projected profit cash flow you can forecast for the business to make in the first year of trading.Hope this helps. Please let me know if you need more informtionAndrew swift
Who needs martial arts insurance?
Martial arts insurance is to cover schools, tournaments, and individual trainers of the martial arts. It's a liability insurance in case something happens, such as injury, to cover any costs that may incur.
How can a business by successful?
The business needs to have sufficient cash flow so it can do business (hire/pay employees, market, control costs, etc.). It needs to be providing a product and/or service which the public wants at competitive prices. Finally, a plan for the future.
What is the price of McAfee antivirus software in Australia?
McAfee Anti Virus software ranges in price depending on the consumers needs. In Australia McAfee Total Protection costs $129.95 and McAfee All Access costs $149.95.
What is customer delivered value?
Marketing is about meeting the needs of your targeted market, but also providing them with a value. this value is determined when subtracting the benefits a customer gets from the product with the the customer costs he does to get it. So for instance, if a customer looks for the image value, he has to see the costs he will incur to get it.
Who needs to carry personal umbrella insurance and what does it cover?
Personal umbrella insurance coverage and costs vary by company. Most require that you carry a defined amount of liability on your car or home policy.
What are the disadvantages of the marketing orientation?
*can be hard to target campaigns at such a large Market *high costs as constant Market research needs to be carried outs so may lower profit margin or have high costs *not targeting a specialised sub-Market to hard to fulfil lots of consumers needs *hard to achieve product differentiation and stand out from competition *consumer wants can change quickly and may be hard to keep up with needs
Is travel insurance available in UK?
Yes travel insurance is available in the UK. Travel insurance can cover lost items, cancellations and even medical costs. Of course, there are different packages and different costs. Therefore, try to pick the package that covers your needs at the best price.
