How To Cut Your Own Undercut!
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YouTubeTessarr
What is Undercutting and why does it have a destructive impact on a given market? Here's a quick overview of the concept and some of the things that cause it. But is there a solution? Check out the full video on my YouTube channel to learn why the problem is so challenging and whether the answer might in part come from this year's Nobel Prize in Economics! #FlowArts #Undercutting #Economics | DrexFactor
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STOP Undercutting Yourself! 👇 Ever wonder if you’re pricing your catering orders correctly? Here is the secret to accurately pricing a real catering order for 85 guests using a simple, powerful formula: Price = Total Cost / (1 - Profit Margin) For this specific order, let’s break down the Total Cost of $713: 💡Food: $360 💡Labor: $250 💡Supplies: $50 💡Delivery: $50 If you want a desired 15% Profit Margin (0.15), the formula becomes: Price = $713 / (1 - 0.15) Price = $713 / 0.85 This gives you
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