Three Cost-plus Methods to Determine the Selling Price

Session

Management, Business and Economics

Description

The most difficult decisions a company faces is the pricing of goods and services. Looking at the role and importance of such a decision in decision-making we decided to consider this issue through this paper. Three cost-plus methods will be considered to determine sales prices. These three methods include the Total cost concept, product cost concept, and variable cost concept. The practical working side will analyze cost effects in determining competitive prices in two textile manufacturing companies by means of a comparison method using the three cost-plus methods.

Session Chair

Nehat Ramadani

Session Co-Chair

Uragan Alija

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-437-54-7

Location

Durres, Albania

Start Date

27-10-2017 4:45 PM

End Date

27-10-2017 6:15 PM

DOI

10.33107/ubt-ic.2017.275

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Oct 27th, 4:45 PM Oct 27th, 6:15 PM

Three Cost-plus Methods to Determine the Selling Price

Durres, Albania

The most difficult decisions a company faces is the pricing of goods and services. Looking at the role and importance of such a decision in decision-making we decided to consider this issue through this paper. Three cost-plus methods will be considered to determine sales prices. These three methods include the Total cost concept, product cost concept, and variable cost concept. The practical working side will analyze cost effects in determining competitive prices in two textile manufacturing companies by means of a comparison method using the three cost-plus methods.