Factors to Consider When Setting Prices
Cost-based pricing involves setting prices based on the costs for producing, distributing, and selling the product plus a fair rate of return for its effort and risk
Company and Product Costs
Factors to Consider When Setting Prices
Cost-based pricing adds a standard markup to the cost of the product
Company and Product Costs
Factors to Consider When Setting Prices
Company and Product Costs
Types of costs
Factors to Consider When Setting Prices
Fixed costs are the costs that do not vary with production or sales level
Rent
Heat
Interest
Executive salaries
Company and Product Costs