Business managers need to decide upon the appropriate price being used by the company to successfully market its products.
Posts tagged as “pricing decisions”
Price is the amount of money paid by a customer to purchase a particular product – good or service, irrespective of its value.
Break-even Analysis provides information about break-even levels, the level of actual demand, Target Profit and Margin of Safety.
Contribution-Costing Technique is a method of costing in which only Direct Costs are allocated to products, not Indirect Costs (Overheads).
Full-Costing Technique is a method of costing in which all Direct Costs and Indirect Costs (Overheads) are allocated to products of the business.