It is important in any business venture to know your cost before establishing a selling price.

Name: It is important in any business venture to know your cost before establishing a selling price.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Knowing your costs is essential in determining an appropriate selling price that will cover expenses and yield a profit. Without this knowledge, a business may struggle to generate revenue or suffer losses due to pricing that is too high or too low.

It Is Important in Any Business Venture to Know Your