expraxis

Technorati Tags: profit , growth , cost , business model , strategy When is a cost reduction a cost increase? When the cost reduction drives too many customers away! Whenever you read in the financial press about a company making a large cost reduction, try to remember whether or not the same firm has...

Doug Richard's recent report on business support in the UK highlighted that there are 3,000 government agencies and most of them simply direct people to other agencies. This can lead to a never ending cycle of being passed from pillar to post and having to explain yourself over and over again. So if...

Defining an Economic Charge-out Rate for Service Businesses Introduction Many companies and professionals deliver services to third parties. Establishing an appropriate rate for charging those services to customers is a commercial matter. The price at which a contract is sold is often determined subjectively...

It is a natural phenomenon for small business to be deeply involved in the particular skills and operations of the business. A fundamental issue that many small businesses overlook is that the particular industry in which they work and their personal skills are just tools of the trade not the trade of...

Cost accounting is a complex subject that specialist accountants use to examine and report on business expenses to ensure financial control. Such expert cost accounting might involve absorption costing, marginal costing, break even and variance analysis. Such specialist accounting techniques are not...

Despite recent price wars in the credit interest rates offered by banks, too many are still offering low incentives for those who keep their accounts in credit, a new report has asserted. According to MoneyExpert, there has been an improvement in the average credit interest rates offered by high street...