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Tarun Suthar
•

The Institute of Chartered Accountants of India • 22d

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... • 21d

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.

Tarun Suthar
•

The Institute of Chartered Accountants of India • 21d

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.

0 replies1 like

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