Cost of Production and Development
Adapted from content excerpted from the American Express® OPEN Small Business Network
Present and discuss a design and development budget. This budget should include the cost of the design of a prototype as well as the expense to take it into production. Be sure to include labor, materials, consulting fees, and the cost of professionals such as attorneys. While the cost of production section may be more readily apparent to product companies, this section is important for all businesses. Service businesses have expenses such as consulting services, training for principals, and preparation of materials, among many other things.
|FAQ's||Introductory Elements||Business Description||The Market|
|Development & Production||Sales & Marketing||Management||Financials|
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