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List and describe your monthly fixed costs and add a cash reserve that covers three months of fixed costs.
What type of financing will you seek as start-up capital, and why?
In this unit, you will be creating a viable strategic plan for your organization.
What would the profit margin for the year be in that case?
What do you expect your personal look to be when you start selling your product or service, and why?
In late 2004, Howard Weisz had a problem. As a long-time member of the Mid-Atlantic Consultants (MAC) Network, he had agreed to organize a program
Review the mission, vision, and values statements of your health care organization.
Give an example of a business that you have observed lowering the price of a product. How do you think the business was able to reduce the price?
For a business you would like to start, estimate what you think the fixed and variable costs would be
Imagine that you have invented a guitar strap that goes over both shoulders, thereby reducing shoulder strain for the guitarist
Meet with a partner and discuss the pros and cons of the basic pricing strategies-value pricing, cost-plus, penetration strategy, skimming strategy
Describe your pricing strategy and structure and the gross margins you expect to generate.
Where do you intend to sell your product? Describe the advantages and disadvantages of your location(s).
Malia Mills's suits are priced at the high end of the swimwear market. A bikini top or bottom will cost somewhere between $130 and $165
Describe the features of each product listed below and then create a benefit statement for each that you would use as selling points
Which four factors should market research include and why?
Which single provider has the largest market share? What is the percentage?
How do you define/describe your competition, both direct and indirect?
Russell Simmons turned off his cell phone and took a rare moment to admire the view from his fourteenth-floor office in midtown Manhattan.
Describe how a product or service will fit into and complement your marketing mix.
Use the following to describe your marketing mix.
Call and visit an entrepreneur in your community to discuss business plans.
Explain the issues, challenges, or disadvantages to forming a strategic alliance. Give an example to provide a context to your discussion.
Describe three core values you would use to run your own company.
Gross profit is the money earned by a business before which other costs are subtracted?