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CLASS 12 (PROJECT (Cost., Convert product cost., Quality feature., price…
CLASS 12
PROJECT
Cost.
Convert product cost.
Quality feature.
price-profit-target market.
Welfare base product.
ABOUT REPORT MAKING
Content of the report.
Cost.
Per unit cost.
PRICING IS ANOTHER FEATURE
Low price.
Project has social impact.
High price.
DETERMINATION
Donate for society.
Price to consumer.
Unique feature.
SOCIAL COSTING
Positive.
Negative.
PRICE COMPETITION AND COSTING COMPETITION
A product and service that is cost competitive is cheap compared to other similar product.
Image result for price competition
Compete in the marketplace.
PRICING AND COSTING
Cost is typically the expense.
Two different things
Price is the amount a customer is willing to pay.
The cost involve in manufacturing.
REPORT SHOW IMPACT
Market impact.
Social impact.
GENERAL METHODS OF COSTING
INPUT BASED COSTING
THE INPUT METHOD IS IMPLEMENTED BY ESTIMATING THE INPUT REQUIRED
Product has a social impact.
My project "DIGITAL MEASURING SPOON"
ITS COSTING AND PRICING SHOULD DIFFERENT
Price+ tax.