EFFECTIVENESS OF PROFIT PLANNING IN NIGERIA ORGANISATION

EFFECTIVENESS OF PROFIT PLANNING IN NIGERIA ORGANISATION.

In  modern  economies,  prices  are  generally  expressed  in units of some form of currency. Although, prices could be quoted as  quantities  of  other  goods  and  services  (BARTER  SYSTEM). Prices are sometimes quoted in terms of vouchers such as trading stamps.  Price  sometimes  refers  to  the  quantity  of  payment requested by a seller of goods or services rather than the actual payment amount.

One of the most crucial operating decisions management must make is establishing a setting price for its products but this is quiet unfortunately that many firms are  still mismanaging pricing causing lots of money and anticipated profit to be unexplored and wasted.
In many financial transactions, it is customary to quote prices in other ways. The requested amount is sometimes called the asking or selling price, while actual payment may be called the transn  of  unprofitable  products, provision of costing information and cost contro