The success of any Business Organisation depends on how they are able
provide their product or service to the customers at a price decided by
the market.
Cost + Profit was an old concept and now it is Market Price – Desired
Profit = Cost
Due to competition organizations are forced to manufacture at market
decided cost.
On completion of this program, one can understand the basics of Cost
computation of cost for a product or a service and will be able to
provide competitive quotations for new orders