Simple math formulas can help make better business decisions

Article Abstract:

Deciding to shift from sourcing product components to manufacturing them in-house is a common dilemma for most business entities. A simple tabulation of the pros and cons of each procedure is fine but a detailed breakeven analysis will show the business owner exactly what he may be up against. Mathematical questions, such as present cost in dollars of each component, as well as additional fixed costs and variable cost incidental to in-house manufacturing, are the matters which need to be addressed first.

Cost Accounting, Models, Cost benefit analysis, Make-or-buy decisions, Make or buy decisions

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Do-it-yourself documents

Article Abstract:

Small business owners often avoid lawyers because their time and services entail substantial costs . Although complex legal situations still require legal advice, there are self-help software packages and books available for basic business needs. These self-help legal materials provide business owners with answers to common business situations such as preparing a consulting agreement and minimizes their expenses.

Software, Equipment and supplies, Small business, Commercial law, Bibliography

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