QUIZ 402: Managing Cost of Goods

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Question 1 of 4

1. Question
Success in the laundry business is more than just paying the bills. The business (your business!) needs to be profitable and it needs to grow. Managing the costs to doing your business is critical. What are these “costs” called?
- The costs are called “deletions” – they suck my profits to zero.
- They are called “costs of goods sold.”
- Soft costs. Very difficult to figure out so we just ignore them.
- Profits.
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Question 2 of 4

2. Question
Why do we have to know or calculate these costs of goods sold?
- Because this is what we subtract from the price we charged the customer and what is left is our profit.
- It really isn’t important but might be fun if you like to crunch numbers.
- Calculating these costs is only necessary when you apply for a loan.
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Question 3 of 4

3. Question
One the easiest ways to control costs is to follow set procedures when laundering. How can following set procedures save or control cost of goods?
- It is all about taking all the time the laundry needs. Good laundry outcomes take a long time. There is no procedure that works; all laundry is unique.
- Laundering cannot be calculated as you have to rewash, pretreat, and try again and again to get the spots out.
- Following procedures means using pre-measured doses of laundry soap and specific wash cycles at specific temperatures.
- Following procedures gives each launderer the control to change how they do things based on the day, their mood, or what products they feel like using.
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Question 4 of 4

4. Question
What is a very easy way to save money on laundry soap?
- Buy single-use boxes from the vending machine.
- Buy retail size from a local discount store and use the maximum amount of soap each time you use it.
- Buy concentrated laundry soap in bulk.
- Just use dish soap.
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Level 400: Optional Services

QUIZ 402: Managing Cost of Goods

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