Advice pls...
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can any1 help me figure out wat i need to include in a report when the company expects me to do a market value of a certain product?
i am not well-versed in tis area...or rather i noes nuts about biz thingy
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so am i.
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same boatOriginally posted by dragg:so am i. -
If you can't convince them, confuse them.
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hello..........
you're the one being paid, and you want us to do your job?? -
Market Value of a product is the final value of products offered to consumers.Originally posted by Lethargic@@:can any1 help me figure out wat i need to include in a report when the company expects me to do a market value of a certain product?
i am not well-versed in tis area...or rather i noes nuts about biz thingy
It can be a markup or markdown from cost of producing the product. Note that market value is never constant and changes with respect to many factors such as production efficiency and technological obsolescence. The bottom line is that many companies have a different way of calculating market value.
Necessary items are cost price and also comparison with the price of a similar product. The way your company calculates depreciation for inventory must also be taken into account as the longer goods are kept, the lower their market value generally.
My two cents
Cheers -
Originally posted by shadowlunar:If you can't convince them, confuse them.
n there goes my grade... 
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if you're realli dumb, no one can help you~!!Originally posted by Lethargic@@: n there goes my grade... -
oo...so to put it bluntly, it's the comparision between ur competitors' product in the market and whether the market has any more demands for the product?Originally posted by Delta 5:Market Value of a product is the final value of products offered to consumers.
It can be a markup or markdown from cost of producing the product. Note that market value is never constant and changes with respect to many factors such as production efficiency and technological obsolescence. The bottom line is that many companies have a different way of calculating market value.
Necessary items are cost price and also comparison with the price of a similar product. The way your company calculates depreciation for inventory must also be taken into account as the longer goods are kept, the lower their market value generally.
My two cents
Cheers
sry if i sounded noob...cos i did not study in this line.... -
maybe fortune willOriginally posted by Mr Fugue:if you're realli dumb, no one can help you~!! -
yah yah, god helps those who are dumb.Originally posted by Lethargic@@:maybe fortune will -
i have been waiting for a long time but so far nothing has changed.Originally posted by Lethargic@@:maybe fortune will 
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Originally posted by dragg:i have been waiting for a long time but so far nothing has changed.
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you need a destiny analysis from me.........Originally posted by dragg:i have been waiting for a long time but so far nothing has changed.
want to know when your career palace shines brightly (meaning: you have high chances of finding a job)?? -
Note that market value may not be the price you see on a price tag. Sometimes its the same but usually market value is the value of the product minus depreciation. The manager will then decide what price to sell the product at in order to earn a profit. So the selling price is usually higher than market value. Of couse if the aim is to break even or just to clear stock then the selling price will be the same or lower than market value respectively!Originally posted by Lethargic@@:oo...so to put it bluntly, it's the comparision between ur competitors' product in the market and whether the market has any more demands for the product?
sry if i sounded noob...cos i did not study in this line....
The comparison between competitors' products is not a necessity... Its just to let ur company know the price of a competitor's goods so that you can try to undercut your competitors by lowering prices and hence increasing popularity of your goods.
Hpope this clarifies your doubts...
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today must be Samaritian Day~!!
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Whaaaa........lik ur post man...damn classic!!!Originally posted by Mr Fugue:today must be Samaritian Day~!! 
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OOO...icic...THX...somehow i think i got it all figured out liaoOriginally posted by Delta 5:Note that market value may not be the price you see on a price tag. Sometimes its the same but usually market value is the value of the product minus depreciation. The manager will then decide what price to sell the product at in order to earn a profit. So the selling price is usually higher than market value. Of couse if the aim is to break even or just to clear stock then the selling price will be the same or lower than market value respectively!
The comparison between competitors' products is not a necessity... Its just to let ur company know the price of a competitor's goods so that you can try to undercut your competitors by lowering prices and hence increasing popularity of your goods.
Hpope this clarifies your doubts... 