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IQ QUIZ#
59
CATEGORY
Finance
What’s a common mistake when quoting low-volume work?
A
Overestimating cycle time
B
Ignoring setup time
C
Using batch pricing logic
D
Quoting without material markup
What’s a common mistake when quoting low-volume work?
B
Ignoring setup time is the most common mistake when quoting low-volume work.
WHY
Setup can take hours and significantly eat into profits on low-quantity jobs. Failing to account for this leads to underbidding and tight margins. Always isolate and include setup as a separate cost line when quoting small batches.
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