In business studies 2 what cost effective techniqes will you follow for your product
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* procuring raw material at cheap price by buying in bulk and negotiating with supplier.
*producing in bulk and reaping benefit of economies of scale.
*cheap and new marketing strategies such as publicity( if product is unique) or on Facebook, you tube, etc, i.e. E-advertising.
*choosing cost effective distribution channels such as e-selling or selling on platforms like Amazon, flipkart, etc.
* by using latest technology if as per cost benefit analysis one can foresee that he/she will be able to make up such expenditure in form of lower cost per unit of product.
HAPPY TO HELP!!
* procuring raw material at cheap price by buying in bulk and negotiating with supplier.
*producing in bulk and reaping benefit of economies of scale.
*cheap and new marketing strategies such as publicity( if product is unique) or on Facebook, you tube, etc, i.e. E-advertising.
*choosing cost effective distribution channels such as e-selling or selling on platforms like Amazon, flipkart, etc.
* by using latest technology if as per cost benefit analysis one can foresee that he/she will be able to make up such expenditure in form of lower cost per unit of product.
HAPPY TO HELP!!
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