CASE: Oman Ceramics LLC wish to start a business in readymade garments with the name...
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Accounting
CASE:
Oman Ceramics LLC wish to start a business in readymade garments with the name Oman Clothing, as a new comer in small manufacturing firm of formal and casual wears. The product range of the business includes shirts, trousers, abhaya, jeans, etc As the company is newly entering in to the clothing business, the burden is on top level managers of deciding the production cost analysis, fixation of selling price, etc.
Questions:
a. How can you ascertain the cost of production of the garments produced? b. What factors will you consider in fixing the selling price of the products? c. How will you be able to control cost during the competitive market conditions that may prevail in future?
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