Abstract: Management need to be able to identify all of the costs involved in running a business. A conference centre must be able to work out the costs of providing facilities before deciding its pricing strategy, for example. We saw in Chapter 12 that costs can be classified according to their behaviour. For the business to make a profit all costs, be they fixed or variable, must be covered.
Publication Year: 1993
Publication Date: 1993-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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