Description
I did the Pricing Strategy for our project and the professor gave me feedback, so i need to fix it based on his feedback.
I will upload my work doc and a pdf of his feedback!
Thank you.
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Explanation & Answer
there really wasn't much to add. i couldn't alter the text ".......UVC being $290, we have determined that our variable costs will equate out to $5,800,000 and our annual fixed costs to be $76008 (for two years of production). From determining our costs over a two year span, our total cost will be $5,876,008 with the break-even price of $297." after changing the figure of the number of sales required. i presume these figures may need to change as well
Pricing Strategy.
Our goal is ascertain that we are able to sell around 2,000 units within the first two years in order to begin
making a profit. The reason this is the case is because the target market is the affluent and the upper class
in which case the numbers of sales made per annum cann...