November 11, 2021
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5 Factors that Influence Your Production Costs
Cost can be the make or break factor for any product development project, especially once you make it to production. When determining costs, there are two prices to consider. The retail price is the amount that your product will cost for the customer. The material cost of goods (MCOG) is the amount that your product will cost to make. While there are a variety of factors that will determine both costs, we’ll break down five of the most common ones to keep in mind. Target User – Your retail cost of goods should always be influenced by your target user as
