Correct definition and calculation of costing is essential for pricing and competitiveness of any business. However, taking into account seasonality, variety of suppliers cand be tricky in the fashion business. Pricing is the most challenging process for the fashion industry: it depends on the market, the product and a number of qualitative factors where the vital factor is coting: What's costing? Can I dot it myself? How can I differentiate the costs? Are all the costs included in costing process? Can I avoid or skip some costs ? How can I calculate the break-even?
These and many more questions were covered durint My Costing Process training on Dec 20, 2018 by Certified Management Counsultant Naira Margaryan.