Question: solve in excel and show working Apple World Inc. develops apps for sporting enthusiasts. They have decided to create a new app for golfers that
Apple World Inc. develops apps for sporting enthusiasts. They have decided to create a new app for golfers that they are calling Slice. The total life cycle of Slice is expected to be three years, with the design phase taking the first year. Following are the estimated costs for the three years: The management team is considering two pricing strategies: 1. Sell the app for $1.00. At this price, they expect to sell 1,500,000 apps per year. 2. Sell the app in year two when it first comes out at $1.50; expected demand is 1,000,000. Then, reduce the cost in year two to 50.50; demand is expected to be 3,500,000. Create a report answering the question below. Your answer should include schedules created in Excel. Remember Excel schedules should be created to easily be changed in what-if scenarios Which pricing strategy is more profitable over the product's life cycle
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