A t-shirt printing business exists widely in the market and its profitability is contingent upon the cost
Question:
A t-shirt printing business exists widely in the market and its profitability is contingent upon the cost spent and revenue gained. The products' versatility appeals to all sorts of consumers and since we are now presently witnessing a fashion-centric period, it could potentially conveniently
grab attentions since they are exclusively available for customization and are also marketed as sustainable. In 2023, it is estimated that about 78% of consumers believe that sustainability in fashion is indeed noteworthy. Establishing this brand will at some point stimulate and empower other businesses to prevent overconsumption and resource depletion. Additionally, with this eco-friendly approach, the brand will not be able to capitalize on labor exploitations given that both employers and employees would work hand in hand in a transparent manner.
Locals are drawn to sustainable brands in particular, and when demand is high in the country where they are produced, this results in the expansion of the tourism industry, which over time has an impact on the economy. Locals are sure to stick with a brand when they are aware that quality comes before pricing. The loyalty of its consumers is a crucial component of a successful business. The organization will succeed if there is consistency in purchase patterns and effective offline and online marketing.
CREATE a projection of the expected sales volume for the T-Shirt printing business per month, based on the demand and supply analysis , pricing strategy and marketing efforts ATTACHED ABOVE. Follow the table below in crea ting the projected sales, AFTERWARDS, Cre ate a not less than TWO HUNDRED WORDS explanation of the sales forecast for both year. DO NOT FORGET TO CI TE YOUR SOURCES.
PROJECTED SALES PER MONTH
SALES FORECAST | |||||||
June 2023 | July 2023 | Aug 2023 | Sept 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
Gross Income | |||||||
Expenses | |||||||
Net Income |
June 2024 | July 2024 | Aug 2024 | Sept 2024 | Oct 2024 | Nov 2024 | Dec 2024 | |
Gross Income | |||||||
Expenses | |||||||
Net Income |
Explanation:
Global Marketing management
ISBN: 978-0470505748
5th edition
Authors: Masaaki Kotabe, Kristiaan Helsen