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Consider this conversation between two work colleagues:Debra: Hey Gary, what did you say you needed these other selling prices for again?Gary: I ' m trying
Consider this conversation between two work colleagues:Debra: Hey Gary, what did you say you needed these other selling prices for again?Gary: Im trying to figure out if my potential customers will be willing to pay what I want to charge for my clever upgrade to plastic storage containers.Debra: Oh wow, that sounds super exciting: thanks for including me in this analysis.Gary: You just wait, Debra. Im going to make a dent in this market, and then we'll see who retires at age Debra gathered the following selling price information about other plastic storage containers on the market.Competitor x Plastic Containers with Lid:$ lid fits tightly but is not spillproof$ lid is spillproof but snaps on loudly$ lid just rests on top so is not tightfittingHowever, without access to competitors' internal records, she could not determine their costs.Meanwhile, Gary made note of his production costs and secretly smiled to himself as he thought about what a great idea he had. Hewants to make plastic storage containers that have a locking lid. More than that, the lid locks quietly, so no one knows you're sneaking a treat from the container yes Gary got busted stealing Debra's famous chocolate cookies, and he vowed to fix this problem permanently Here's his estimated costs to produce and sell one x plastic container with quiet, spillproof lid:DM: $ DL: MOH: Selling expenses: Administrative expenses: If Gary determines that he needs to use a markup on full cost to make this effort "worth it for him, how much must he charge per container?
Selling price: $
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