Consider the following statement:To maximize profit, you need to sell your output at the highest price. After what you have learned this week with regards to costing systems and pricing of products, analyse the validity of this statement. How should marginal costs be considered when determining prices? Give some finance examples too.
you can take idea from following journal too.
Pong, C. & Mitchell,F. (2006) ?Full costing versus variable costing: does the choice still matter?An empirical exploration of UK manufacturing companies 1988?2002?, The British Accounting Review,38 (2), pp. 131?148, Elsevier SD Freedom Collection [Online]. DOI: 10.1016/j.bar.2005.09.003 (Accessed 30 June 2009).
Note: The Answer should be of 500 words
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more