Garment Maker Multiplies Net Profit by 700%
Caught up in the traditional approach to pricing, the owner and sales manager are excited about applying the concepts opened up by CBA/TARI.
A partner of the accounting practice drove me to his client’s clothing factory and introduced me to a smilingly alert owner and his attractive designer wife. After the formalities and a tour of the factory, we settled down in the conference room.
“How do you price your garments?” I asked.
“Well, we go to the larger retail outlets and check the selling price of say, a pair of shorts, then we’ll come back and work out how much we can make them for in addition to ...