Output –Cost/Revenue information is very important to all firm around the world in order to take any crucial decisions including pricing decisions. Since we are living in a globalized word and in a competitive business environment, business people are mainly looking for comparative cost advantage to survive in business. Therefore understanding cost information is very important now-a-day’s business. You are the future managers or business people in Oman so thoughtful of output –cost/revenue relation is crucial. The business you are going to write about is Talah Cafe in Sohar, Oman. This is the link of their instagram https://www.instagram.com/challenge/344671729/ps3J…
Consider the short -run cost conditions of a Small and Medium Enterprise (SME) in Oman, either you are familiar with or you are working for and lay the output –cost/revenue /profit/loss information of the firm in the following table -1 and answer the subsequent questions (a, b………f,) linked to the prevailing cost conditions of the selected firm.
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