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2) Complete the Product Analysis (yellow boxes) assuming Jake ONLY sells either Product #1 (Launch-its) OR Product #2 (Treat -times). Business Description After taking business
2) Complete the Product Analysis (yellow boxes) assuming Jake ONLY sells either Product #1 (Launch-its) OR Product #2 (Treat -times).
Business Description After taking business classes, Jake, an avid dog-lover, decided to start selling unique pet supplies at trade shows. He has two products: Product 1: "Launch-it"- a tennis ball thrower that will sell for $10. Product 2: "Treat-time"- an automatic treat dispenser that releases a treat when the dog places his paw on the pedal. The treat dispenser will sell for $30. Costs: Jake has hired an employee to work the trade show booths. The work contract is $1,000 per month plus a commission equal to 10% of revenue. Jake will also spend $500 per month on trade-show entry fees. Jake is purchasing the products from a supplier in Mexico. Launch-its cost \$1 each; Treat-times cost \$7 each. Shipping and handling on the Launch-its will cost \$2 each; Shipping and handling on the Treat-times, which are heavier, will cost $8 each. The shipping and handling costs will be paid by Jake, not the customer. Assume Jake expects to sell 200 Launch-its and 100 Treat-times during his first month of operations (June). Jake's financial goal is to earn an operating income of $8,000 per month. He believes volume may grow at a rate of 5% a month. \begin{tabular}{|l|l|} \hline Product #1 & Launch-it \\ \hline Unit CM & \\ \hline CM \% & \\ \hline Breakeven point: & \\ \hline -in units & \\ \hline -in sales revenue & \\ \hline & \\ \hline Target profit volume: & \\ \hline -in units & \\ \hline -in sales revenue & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Product #2 & Treat-time \\ \hline Unit CM & \\ \hline CM \% & \\ \hline Breakeven point: & \\ \hline -in units & \\ \hline -in sales revenue & \\ \hline & \\ \hline Target profit volume: & \\ \hline -in units & \\ \hline -in sales revenue & \\ \hline \end{tabular}Step by Step Solution
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