a. Invent a product or purchase a product from other manufacturers that you can modify with your idea into your own

b. Explain the reasons for customers to buy your product

c. Describe the variable costs to make one unit and total them

d. Describe the fixed costs to make one unit and total them

e. Describe your pricing for the product.

f. How many do you think you can sell the product?

g. Where will you sell your product? Will there be any variable selling costs?

h. Describe the advertising costs

i. Make a contribution margin income statement

j. Calculate and explain your break-even point

k. How many do you need to sell to gain a profit of $60,000?

Data are depended on the product as long as they are reasonable

Answer rating: 100% (QA)

Quiz a Invent a Product I would like to invent a product that would be helpful for people who suffer from diabetes The problem that I have found is that many people with diabetes have difficulty findi... View the full answer