Читать книгу Cost Accounting For Dummies - Kenneth W. Boyd - Страница 83

Costing and pricing a new product

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Financial planning for a new product is really difficult, because so many variables are unknown. Product costs, prices, and units sold are based mainly on research and management’s business experience. In spite of these challenges, many businesses successfully launch new products. With careful thought and proper planning, you can introduce a new product and earn a decent profit.

Finding and retaining great employees is the key to growing a successful business. Your best workers make smart decisions that increase profits and sales. Those decisions can lower costs, close a customer sale, or make a process run more smoothly. In short, you can’t operate a profitable business without a great staff, so do what you can to keep your workers happy.

Cost Accounting For Dummies

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