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Identify the various prices for job
To identify the various prices for job, there are numerous points to be considered, including:
?How many garages shall we visit?
?What is the cost of petrol to visit each garage?
?How long will it take to make all the garage visits?
?At what price do we value our time?
Economic benefit of having the information on the price of job is perhaps even harder to assess. The below points need to be considered:
?What is the cheapest price that we might be quoted for the job?
?How likely is it that we shall be quoted a price cheaper than £250?
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Q.2 Explain different methods of costing. Your answer should be studded with examples (preferably firm name and product) for each method of costing.
it is for what purpose?
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