Know Your Cost – Double Your Profit

John L. Daly, MBA, CPA, CMA, CPIM, Executive Education Inc.

Companies with poor cost information make bad decisions about products that are not “average”. Poor information causes companies to overprice easy, high-volume “gravy” products and underprice difficult, low volume “dog” products. Regardless of whether your company sells goods or services, learn how to double your profit by giving the dogs to your competitor and keep the gravy for yourself.