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Highlights
MSS402030A unit provides knowledge that is necessary for an individual or team to analyze costs involved in a particular work or task. It helps an individual and team of people assess the alternatives for relative costs of performing, which helps in finalizing and cost-effectively completing the work. Assessment of cost is a key aspect in the decision-making of work practices. Decisions can be made in accordance with the guidelines laid out by the organization within the scope of individual employees, which typically include the enhancement of the cycle time of the production process. This unit may not be required licensing, certification, and legislative while publication. This unit elucidates the techniques and skills linked to solving a problem by cost-effectively detecting cost factors and cost entanglement of self-work.
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There are so many factors on which production costs depend:
There are four types of price strategies:
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