Back

Tarun Suthar
•

The Institute of Chartered Accountants of India • 1m

How to Calculate Product Cost, Set Profit & Selling Price - Using a Cost Sheet 🤔 Ever wondered how businesses actually price their products? It all starts with one simple but powerful tool: the Cost Sheet. 🚀🔥 Here’s how it helps: 1️⃣ Calculate

Aryan Garg

Bachelor of Business... • 1m

But Sometimes you have to :- underprice - to get coustomers get used to it and earn later overprice - to appeal to the coustomers as more premium brand. and also when you have a monopoly in the market.

1 Reply

Replies (1)

Tarun Suthar
•

The Institute of Chartered Accountants of India • 1m

It's better to optimize costs and maintain low margins than to price a product below its cost. If you sell at higher prices, customers may not remain loyal; they can easily switch to a competitor with lower prices. The idea of a monopoly market is more of a theory than reality, as there will always be competitors in a monopolistic market looking to take away your market share.

Recommendations from Medial

Yash

Trying to make thing... • 1y

People sometimes say to my things like You need to Be Global, There are other countries to and all that stuff. I always have this Mindset like I Need Bharat to have Monopoly in everything literally everything. But some people are so much White Skin S

8 Replies

Sandeep Verma

Solving for Distribu... • 6m

Have you ever been thinking of buying premium denim at affordable and later can be recycled? If not, then we have a moment to discuss the next big startup gig.

2 Replies

Anonymous

Hey I am on Medial • 1y

Can i get ideas to earn money online

1 Reply

Rishi Goyal

Developer • 1y

Sometimes i got worried and overthink that many people equal to my age are earning money and doing alot of things i wonder why wouldn't I . I also want to earn at this small age how to get rid of this feeling.

18 Replies