CLASS 12 (PROJECT (Cost., Convert product cost., Quality feature., price…
Convert product cost.
Welfare base product.
ABOUT REPORT MAKING
Content of the report.
Per unit cost.
PRICING IS ANOTHER FEATURE
Project has social impact.
Donate for society.
Price to consumer.
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
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