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Latest from the Blog
Managerial Accounting and MSPs
Management accounting refers to accounting that helps business managers make decisions through measurement and analysis (What is Managerial Accounting?, n.d.). In the managed IT services company where I work, management accounting helps establish a strategy, budget, goals/targets, and key performance indicators (KPIs). These tools help tie individual and team performance to the business performance.Continue reading “Managerial Accounting and MSPs”
Richmond University CX Program Advisor
I am now on the advisory board for Richmond University Customer Experience Program: https://www.cxrichmond.com/art-ocain.html For those who are unaware, I have a very customer-focused personality and I am big on developing service and products. These CX programs are a reflection of my customer focus. by Arthur Ocain
Premium Pricing and Luxury Products
Two examples of brands that where manufacturing costs are well below selling price are Hermès (luxury fashion) and Beats (high-end consumer electronics). Beats headphones are often over $200 in stores but cost $20 in materials and manufacturing costs (Schiesser, 2015). Likewise, a Hermès handbag that costs $4800 in stores only costs $180 to manufactureContinue reading “Premium Pricing and Luxury Products”
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