Setting the right product price is one of the most important decisions in running a business. A price that is too high can make a product less competitive, while a price that is too low may reduce potential profit. Therefore, Mekar Friends need to consider several factors before determining the price of their products. 1. Calculate Production Costs Thoroughly The first step is to calculate the total production cost . These costs may include: raw material costs labor costs pa

Many business owners focus on increasing sales but often overlook one important aspect: managing cash flow . In fact, cash flow is one of the key factors that determine the sustainability of a business. Cash flow describes how money flows in and out of a business . If it is not managed properly, a business may face financial difficulties even when sales are relatively high. That is why it is important for business owners to understand how to manage cash flow so their business