The minimum selling price is the price, below which you have zero profit, or that any of the Economic metric are zero. So if you are performing the TEA using Excel, then you can use the Goal Seek function to calculate the selling price of your product for which your economic metric or profits are equal to zero. If you still have any question, then feel free to get in touch with us www.chemengglife.com :)
Just loved, awesome work. Thanks a lot!!!
Thank You! 😊
how could you determine the minimum selling price? any formula to calculate?
The minimum selling price is the price, below which you have zero profit, or that any of the Economic metric are zero. So if you are performing the TEA using Excel, then you can use the Goal Seek function to calculate the selling price of your product for which your economic metric or profits are equal to zero.
If you still have any question, then feel free to get in touch with us www.chemengglife.com :)