Maintaining a healthy margin is essential in order for a company to survive and continue to grow. Appropriate pricing and monitoring costs are key components to establishing and maintaining a strong margin. Here are some key points on determining how low you should go with pricing your product/service.   Points to remember to maintain healthy margins:   Have the most up to date information regarding costs – this is the basis for determining your selling price. Ensure volume does not decline as this will increase the overall overhead cost per unit and so decrease the margin […]