Describe the new start-up company that you have created

User Generated

guheq

Business Finance

Description

Note: Refer to scenarios and readings from previous weeks in order to complete this assignment.

Imagine that you just created a new start-up company. You want to compete in the growing industry of drone navigation systems. VectorCal is the only major company in the field. You also want to be a leaner, faster version of a company that you view as being too slow and costly. Note: you may create and /or make all necessary assumptions needed for the completion of this assignment.

Write a two to three (2-3) page paper in which you:

  • Describe the new start-up company that you have created. Include in your description the nature of your company, its mission and vision, your company’s product, an analysis of your staff, and your target clientele.
  • Criticize VectorCal’s forecasting method. Determine the appropriate forecasting approach for your company. Provide a rationale to support your determination.
  • Suggest the semi-variable, allocated, and indirect costs that you should address in the startup phase of your company. Provide a rationale to support your response.
  • Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment mustfollow these formatting requirements:

  • Be typed, doublespaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date.The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Determine the characteristics of government contracting that affect pricing and what is considered fair and reasonable pricing.
  • Outline the process to forecast the likely price of an acquisition, calculate semi-variable costs, and allocate direct and indirect costs.
  • Use technology and information resources to research issues in cost and price analysis.
  • Write clearly and concisely about cost and price analysis using proper writing mechanics.

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Explanation & Answer

Attached.

Running head: NEW START-UP COMPANY

New Start-up Company
Institution Affiliation
Date

1

NEW START-UP COMPANY

2
Introduction

The name of my company is “Drones for You LLC.” that will offer drones to clients
who will want to use them for navigation purposes. The drones will either be purchased or
hired by the client at a price that is affordable. All the drones that are manufactured by the
company are fully compliant will all the regulations that have been set by the FAA. The
employees at the company have the required knowledge to ensure that the drones
manufactured are the best in the market.
Mission and Vision
The vision of Drones for You LLC is to be recognized as industry leaders in in the
drone manufacturing, training and maintenance business in the entire world. The mission of
Drones for You LLC is to provide the client with drones that make us of the latest technology
and software available. They also seek to provide drones that will be easy to use by clients
from all walks of life who might need dron...


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