By Staff Writer
October 19, 2020New Product Pricing Strategies
Introduction Pricing strategies change as a new product passes through its life cycle. However, the introductory stage is particularly more challenging as companies face the challenge of setting prices for the very first time they launch a new product.Therefore, it is unavoidable to estimate demand, particularly in the early stages of launching a new product;…
By Staff Writer
October 2, 2020Financial management for small businesses
Introduction Financial management for small businesses involves moving cash efficiently through the product life cycle; hence, managing the turnover ratios of raw materials through finished goods to sales; while also collecting the receivables and starting over by purchasing additional raw materials for production. It is important that business owners educate themselves by understanding basic accounting…
