How To Know When To Discontinue A Product
Many businesses are undermined by products that underperform and that should be removed from the market. Often, these products continue to be released for sentimental reasons or because the company believes that the product will eventually become successful. Fortunately, with the help of good accounting, you can determine when it is time to discontinue a product. Assessing the Product's Cost One of the challenges of determining whether a product is profitable is to determine how much it costs.