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\n\nCosts
\n\n\; \; \; \;Cost Components \;&ndash\; What to include? Don&rsquo\;t forget the overhead cost and your own salary. What else should be included in the cost of the product.
\n\n\; \; \; \;How costs behave \;&ndash\; Which costs increase when I sell more units and which are the same no matter how many I produce? Which costs can go down if I buy more components or ingredients?
\n\nProduct Pricing
\n\n\; \; \; \;Objectives \;&ndash\; Why am I setting this price? Normal sales? \;Special inventory reduction in anticipation of a revised product? Introduction of a new product? Reaction to a competitor&rsquo\;s increase or decrease in price?
\n\n\; \; \; \;Influential Factors \;&ndash\; what things do I need to consider when setting my price?
\n\n\; \; \; \;Possible Strategies \;&ndash\; what are some suggested ideas to set a successful price?
\n\nBreakeven Analysis
\n\nHow many units do I have to sell \;each month or each year in order to make money?
\n\nHow do I calculate my breakeven point? What can I do to reduce the number of units I need to sell before I start making a profit? What things can raise the number of units? \;What actions can I take to become more in control of my breakeven point&hellip\;the amount where I start making a profit?
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