Controlling a budget
Cost reccomendations & considerations
Avoid confusing cost with price. The cost of a product is determined by internal factors. The price that a product is offered to the market is the cost plus a margin that will ultimately be determined by market forces
Avoid getting confused with overhead absorption methods of costing unless it is vital for the business.
Avoid making incorrect product sales/strategy decisions based upon misleading product costs.
Future Practice Owner.
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