How-to-price-crafts Quote by James Dillehay

“A variable cost changes, typically linearly, with the number of units sold.”

— Victor Cheng

I don't know how this industry works. There is no formula.

— Nushrat Bharucha

“When you are calculating an hourly labor rate, add in an additional thirty percent to that rate cover employment taxes.”

— James Dillehay

“The most important task in specifying value, once the product is defined, is to determine a target cost based on the amount of resources…

— James P. Womack

Sometimes it's more difficult to achieve a 10% cost reduction than it is to tell people they have to achieve 50%. Small incremental steps…

— Eckhard Pfeiffer

“Putting a number in a day-to-day context is critical. For instance, years ago, Cisco Systems was contemplating whether to install a wireless network for…

— Chip Heath

Two per cent. is genius, and ninety-eight per cent. is hard work.

— Thomas A. Edison

Before containers, transport costs ate up 25 percent of the value of whatever was being shipped.

— Rose George

Making anything more labor-intensive makes it more expensive.

— Michael Shellenberger

What makes the production of my work so expensive? The whole installation thing - the construction, the objects, the technology. It really adds up.

— Barbara Kruger

Costs of manufactured articles importantly depend on the cost of raw materials as well as labour.

— Charles E. Wilson

“Guess what percentage of total material flow through this system is still in product or use 6 months after their sale in North America.…

— Rachel Botsman