Cost | IGBizStudies

Revenue, cost and profit in income statement

How to calculate and use information on revenue, cost and profits in income statements 1. Revenue - Total sales 2. Cost of sale - Total...

What are sustainable development practices

Sustainable development practices adopting practices that are environmental friendly and socially responsible. Businesses can adopt...

What is quality control, quality assurance and total quality management

They are practices that ensures the quality of product. Quality Control Quality control removes defective output at the end of the...

How to decide on production methods?

Nature of product, size of market, demand needs, productive capacity

What is economies of scale and diseconomies of scale

Economies of scale happens when a business grow large enough to enable them to lower average cost, while diseconomies of scale happens...

What are lean production practices

Kaizen and Just-in-time

What influences pricing decisions

The three (3) major factors influencing pricing decisions are cost, supply and demand Cost refers to the cost of production, which...

What is opportunity cost

Opportunity cost happens when we forgo an alternative activity or use of resources to produce goods and services. The benefits from...

IGBizStudies Blog

O'Level &