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| Topic: |
Technology
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| Number of pages / Number of words: |
6 / 1506 |
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We are all involved in costing activities in our day to day lives. When people pay for an item, they complete a complex costing transaction that helps the manufacturer pay wages and miscellaneous fees that are required to produce the item. Another portion of the payment goes to the upkeep of the location that the item was purchased from to pay salaries and support their continuation in the market place...
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Another portion of the payment goes to the upkeep of the location that the item was purchased from to pay salaries and support their continuation in the market place. Furthermore that purchase provides elements that will cover profit and possibly some shareholder dividends. The bottom line though is that the sale price always has to be greater than the price of production, otherwise the seller of a product would rapidly go out of business...
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General points of the essay
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