0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
After you set a price for your product you discover that your competitors are selling the same thing at a significantly lower price. One reasonable option you have is to?
The best to do in this case is to find a way to cut costs. This may mean buying from a different source, or lowering over head costs.
What is the Differences between internal and external cost?
Internal costs are costs that a business bases its price on. External costs are costs that are not included in what the business bases its price on Nicodem
What are a business firm's fixed and variable costs of production?
Fixed costs are costs that do not vary with the level of output, such as rent and insurance premiums. Variable costs are costs that change with the level of output, such as wages and raw materials.
What was an effect of the war on Northern buisnesses?
they had increased costs for materials :) (apex)
What is total revenue minus total costs?
Total revenue minus total costs is the total profit of a producer. This can be increased by increasing the price, decreasing the costs while keeping the price constant and/or increasing the sales of the product or service.
What was an effect of the war on the Northern Businesses?
they had increased costs for materials.
In construction which is the proper term for the cost of construction material is it price or cost?
Cost is the correct term to use, whether it be direct costs such as materials and labor or indirect costs such as overhead or supervision.
How are the costs of coveyancing set?
Conveyancing involves reselling mortgages and of reselling properties. The costs of conveyancing vary according to the price of the property one is intending to sell.
If a store uses a selling price - based markup of 40 and an item costs the store $300 what selling price would the store set for the item?
420
What costs other than direct materials costs and direct labor costs incurred in the manufacturing process are classified as?
Indirect costs(salaries, materials not directly involved in manufacturing), period costs(selling and admin costs)
If a store uses a selling price based markup of 40 percent and an item costs the store 300 what selling price would the store set for the item?
420
If a store uses a selling price- based markup of 40 percent and an item costs the store 300 what selling price would the store set for the item?
420
How do you calculate material price variances and what are the possible reasons for such variances?
Following are the causes of material price variance: 1.There could have been recent changes in purchase price of materials. 2.Price variance can be due to substituting raw materials different from the original material specification. 3.Price variance can be attributed to the non availability of cash discounts which was originally anticipated at the time of setting the price standards. 4.Changes in transportation costs and storekeeping costs can also be contributing factors to material price variance.
After you set a price for your product you discover that your competitors are selling the same thing at a significantly lower price. One reasonable option you have is to?
The best to do in this case is to find a way to cut costs. This may mean buying from a different source, or lowering over head costs.
How can I get a good price for Phoenix University?
The prices for online courses are usually set. However you can try to get scholarships and grants to offset the costs.
What is the Differences between internal and external cost?
Internal costs are costs that a business bases its price on. External costs are costs that are not included in what the business bases its price on Nicodem
Why Jeep Compass price lower than Jeep cherokee?
The Jeep Cherokee is a larger vehicle and heaver. More weight and space means more costs for materials.
