Trevor's No. 10 Tip -Pricing items for sale

If your shed is investigating producing a product, or supplying a service, to achieve an income, a successful rule is: "Dont commit to a job without knowing the cost" .  It is often more important to know 'what it will cost' than what it has cost in the past.  Clear cost determination needs a good understanding of what costs are and what factors affect costs. These might include the effect of volume on costs, where losses might occur and which costs offer most scope for reduction