Planning and targeting the audience also includes deciding the tea stall design, setting the price of the tea, tea stall price, etc. Ownership With the increase in the tea stall businesses in India, a number of companies are ready to offer a franchise to a person who is considering starting...
Price vs. CostThe primary difference between cost and price is that cost refers to the amount a business spends on materials, labour, sales, and other business activities. In contrast, price refers to the amount that a business charges its customers for providing goods and services to the ...
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In this model, budget and space are assumed to be limited, meaning that the setup cost is increased. Therefore, the production batch size tends to increase with the larger setup cost. Further, the increased production batch size causes an increase in the production rate per production run. Thu...