If you know what is being requested and how to produce it, and you can build in added safety time, then you have an excellent chance in setting an accurate ______.
What is a fee?
100
This is an important skill that can be learned and improved continually.
What is negotiation?
100
Annual overhead (including salary + profit) is divided by your annual billable hours to give your your _______ _______.
What is an hourly rate?
100
There are ____ phases of production in graphic design.
What is 4?
200
What kind of system is preferred in instances where it is necessary to reveal to clients what the firm's hourly rates are?
What is a tiered system?
200
A payment schedule is generally paid ______ in advance, _____ upon approval of designs, and ______ upon completion.
What is 1/3, 1/3, and 1/3.
200
A healthy business should aim to generate about what percent of annual profit after all expenses are paid for?
What is 20% ?
200
"Production of finished art and design" is what phase of production?
What is the 3rd?
300
The difference between a good estimate and a bad estimate is the difference between ______ and ______.
What are profit and loss?
300
These should be relatively detailed, depending on management's need to know, and client's requirements.
What are time sheets?
300
As a designer, you should be able to bill out at least 50 to _____ % of your time?
What is 80% ?
300
_________ and/or fabrication of project elements make up the fourth phase of production.
What is printing?
400
A thorough understanding of project specifications and the production process is the key to an _________ _________.
What is an accurate estimate?
400
How much someone is willing to pay to have something is it's ___________ ________.
What is market value, or inherent worth.
400
When determining your design fee, multiply the final total by this percent for contingencies.
What is 15% ?
400
Design development and application of approved concept to project make up what phase of production?
What is the 2nd?
500
An important element of successful estimating is knowing approximately how long it takes to do specific tasks, and adding enough time for _______ and _____________.
What are hitches and breakdowns?
500
List one fundamental condition to consider when setting a fee.
What is cost of staying in business// best estimate of complexity// or knowing intrinsic value of final product.
500
In order to determine your hourly rate, the ______ _______ is divided by the total number of estimated billable hours.
What is annual overhead (or total dollar amount)?
500
Preproduction, competitive research, and _________ development create the first phase of production.