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12th class lecture (price competition and costing competition (Price…
12th class lecture
price competition and costing competition
Price competition is one of many ways that a product or service can compete in the marketplace
a product or service that is cost competitive
price is another feature.If I talk about my project which is dessert cafe
my desserts ranges from 150-200rs whereas in market,the desserts are of high prices
I basically focussed on costing rather than pricing because my project has social impact.
PRODUCT IMPACT
product which has positive impact
product which has negative impact
IN NEXT CLASS,WE WILL LEARN REPORT MAKING
content of the report
cost,per unit cost
GENERAL METHODS OF COSTING
input based costing
The input method is implemented by estimating the inputs required to satisfy a performance obligation
product has a social impact on society
PRICING AND COSTING
they are two different things
Price is the amount a customer is willing to pay for a product or service
DESSERT CAFE.
its costing and pricing should be different
costing plus profit=pricing plus taxes