3 ms·
Easy. Cost of production * 3.14. If that price isn't competitive either take less profit or find a way to limit costs without offering a lesser product than bef
by devenblake 6y ago
Easy. Cost of production * 3.14. If that price isn't competitive either take less profit or find a way to limit costs without offering a lesser product than before.
- selcuka 6y agoSo basically change "cost of production" and "3.14" until it works?
- devenblake 6y agoOnly if by "change" you mean reducing them.
- selcuka 6y agoFair enough, but what if the price is too competitive? You can then increase the quality of your product, or your margin. In any case, that formula doesn't mean much if you need to adjust it to a fixed, competitive price point.
- k3liutZu 6y agoHow did we arrive at using pi as a multiplier?
- Bancakes 6y agoIt's a thing in hardware design when people would make embedded/IoT devices to sell. https://www.youtube.com/watch?v=UwrkfHadeQQ https://www.youtube.com/watch?v=UwrkfHadeQQ
- devenblake 6y agoIt's how IBM priced hardware IIRC.