Costing a product

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Table of Contents

Topic 1: Costing a product/service

Table of Contents

1.1 Costing

1.2 Categories of cost

1.3 The Break even point

1.4 How to cost a product/service

1.5 What have we learnt

1.6 Glossary

1.7 Self assessment exercise

1.8 Suggested answers to activities

1.9 Answers to self assessment exercise

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Web Resources

Welcome to module five of the Small Scale Business Management course. At this stage, you may have completed your market research and has decided on the product or service you would want to offer to your customers. It very important for you to know how much it will cost you to offer the product and service of your choice. It is also equally important to set the right price for your product or service

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discuss about how you could calculate the cost of your product or service