Homework: Introduction of New Drone Company
You just created a new start-up company called Universal Drones Inc., because you want to compete in the growing industry of drone navigation systems. VectorCal (as described in the case analysis) is currently the only major company in the field. Your views on VectorCal are that the company charges a lot for their products and take a long time to manufacture them. You feel that your company can be a more efficient version of VectorCal.
Keep in mind: When you are completing this homework, you should be creating all the necessary assumptions to support your claim of being more efficient.
• Refer to scenarios and readings from previous weeks in order to complete this homework.
You may use the Introduction of New Drone Company Homework Template to assist with formatting and completing the paper.
Write a 2 to 3 page paper in which you:
Your homework must follow these formatting requirements:
The specific course learning outcome associated with this homework is:
I. Describe your new company called Universal Drones Inc.
A. Include in your description
1. Why your company was formed.
2. Your company's mission statement.
3. Your company's vision statement.
4. Your company's product.
5. An overview of your key personnel.
6. Your targeted client base.
II. Describe VectorCal.
A. Include in your description
1. Why VectorCal was formed.
2. VectorCal's mission statement.
3. VectorCal's vision statement.
4. VectorCal's product.
5. An overview of VectorCal key personnel.
6. VectorCal's targeted client base.
III. Pricing analysis methods when forecasting government expenses.
A. Critique the pricing method that VectorCal uses to forecast the prices of its products and services when contracting with the government.
B. Discuss the types of pricing analysis methods (Comparison of proposed prices, Comparison of market prices, etc.) that your company will consider when forecasting prices. Provide rationale(s) to support your reasoning.
IV. Cost Considerations
A. Discuss the following costs that your company, Universal Drones, Inc., needs to adhere to during your first year of operations. Remember to provide a rationale for each of these costs.
1. Semi-variable.
2. Allocated.
3. Indirect costs.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.