Pricing a product (Part II)
As mentioned, each product must be priced to cover production or wholesale costs, shipping charges, a proportionate share of overhead expenses, fixed and variable operating expenses, and a reasonable profit.
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As mentioned, each product must be priced to cover production or wholesale costs, shipping charges, a proportionate share of overhead expenses, fixed and variable operating expenses, and a reasonable profit.
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Regardless of the type of product you are going to sell, the price you charge your customers will have a direct effect on the success of your business.
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