Question: Product: Backpack Vacuum Decide on a specific pricing strategy and explain your rationale. Then, set your price and then describe the internal and external considerations

Product: Backpack Vacuum Decide on a specific pricing strategy and explain your rationale. Then, set your price and then describe the internal and external considerations which affected your pricing decision including any price adjustments applied. You do not have to find exact costs, but if you can find reasonable guesstimates' so that you can show the contribution margin or product profitability, that would support your concept. You should show the amount of revenue that your estimated sales volume would generate and estimate the product and marketing expenses you expect to incur

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

***Need Help with the Cash Flow Part please**** Holister Electric Inc. Balance Sheet As at December 31, 2020 Assets Cash Liabilities $25,000 Accounts Payable $12,200 Accounts Receivable 13,500...

Suppose you decide to start a brand of sneakers under the name of Gucci sneakers as a consumer product in UAE. Develop a marketing mix including for the marketing opportunity that you have identified...

Short brief answer: A/ 1) What is price elasticity? Why is it important for marketers to consider price elasticity when making pricing decision? 2) Name two broad new product pricing strategies. When...

i know there are too many questions but i am really asking for a very short answers please 2. Short answer questions 1) What is price elasticity? Why is it important for marketers to consider price...

Through the use of strategic alternatives, companies may compete in a marketplace, achieve its vision, or if no vision has been articulated, decide where it might go and what it might achieve....

Due to the changing environment and external triggers, contingency planning is necessary. What qualities make a future issue a ?trigger?? Consider you are on the strategic planning team for a soft...

Montonya Company has the following selected data for the current year: Sales (10,000 units) $90,000 Direct materials 30,000 Direct labor costs 10,000 Variable manufacturing overhead 3,500 Fixed...

Go to www.nucor.com. At the top of the frame you will see the heading Our Story. Then click on Chapter 1 Corporate Overview and read the information under this tab and then click on Chapter 2 History...

Assume that ACW Corporation has 2019 taxable income of $1,940,000 for purposes of computing the $179 expense. The company acquired the following assets during 2019 (assume no bonus depreciation):...

Part A Theodore is a sole trader, who runs a primary production business on a property in Central Queensland. He has run this business since 2000. Theodore presented the following information to...

Which of the following is most accurate with regard to the time value of money? Discount rates equal to zero are always too low. Discount rate will range between the risk - free rate and 3 6 % . 1 8...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...