BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Why management of a company need to know the cost of a product?
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To make the products famous
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To determine the selling price
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To determine the GST
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To get profit
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Explanation:
Detailed explanation-1: -The selling price, be that of a product or service, is the customer or client’s final price. It’s extremely important to know how to calculate selling price because if you don’t make a profit while also securing a position in the market, your business will not survive.
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