Course Outline:-

The workshop will cover the following topics;

• a) What overheads are, why they are important and how to factor them into your product or service costs.
• b) How to calculate your profit margins by product / service and for the entire business.
• c) How to calculate your breakeven position and translate this into the number of units you need to sell to achieve it.
• d) What factors to consider when setting prices.
• e) How to calculate prices for new products or services you want to introduce.
• f) How to improve margins.
• g) The importance of reviewing prices regularly and how to do this.
• h) How to test the market price level.