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(ILL)327A/327/2023/1321(ILL)327A/327/2023/1321.12.3procurement@naifaru.gov.mv 11370 7705700335001 7247788100.00 8.1 info@naifaru.gov.mvprocurement@naifaru.gov.mv7247788 procurement@naifaru.gov.mv
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Determine the minimum price based on the cost of production, overhead expenses, and desired profit margin.
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Who needs minimum price?
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Businesses and entrepreneurs who want to ensure they are covering their costs and making a profit.
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Manufacturers and service providers who need to protect their bottom line and avoid selling products/services below cost.
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What is minimum price?
Minimum price is the lowest price that can be charged for a product or service.
Who is required to file minimum price?
Any business or individual that sets prices for products or services may be required to file minimum price.
How to fill out minimum price?
Minimum price can be filled out by providing the relevant information about the product or service along with the set price.
What is the purpose of minimum price?
The purpose of minimum price is to prevent unfair competition and ensure that prices are not set below a certain level.
What information must be reported on minimum price?
The information that must be reported on minimum price includes the product or service name, price set, and any relevant regulations or guidelines.
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