hello, can you help to provide this pricing scheme in our business plan?
- Define Price in Simple Marketing Term
- What pricing method is used to determine of the product?
- What is the price of the price (original and selling price) include the percentage of markup from the original price then tell why that kind of percentage do you want to apply.
in this picture the introduction and a brief description of our business plan.
CHAPTER I INTRODUCTION The world has been experiencing tons of environmental issues and one of them that we commonly encounter is plastic pollution. It has become a global concern, as our planet is drowning in plastic litter and microplastics. It is a significant threat to biodiversity. To fight the unending crisis and save our environment, we are pleased to introduce our sustainable and eco-friendly T-shirts. We are the Youthure Duhmeet and we produced this unique business with the help of recycled materials like shredded plastic bottles instead of the synthetic materials that are frequently used. We intend to serve the local market initially and then grow to serve the national market before venturing into the international market, which is our essential vision of providing remarkable environmentally friendly T-shirts open for everyone while saving our Mother Earth. We are a group of teen entrepreneurs who are starting this business to urge everyone to be good in our nature. In today's world, we aspire to be pleasant and role models. We must value nature and be eco-friendly to avoid impurity. We will be using recycled materials like shredded plastic bottles, which we will turn into polyester fibers and turn into fresh new recycled T-shirts. Another advantage is that apparel manufactured from recycled plastics consumes 30% less energy than pure polyester clothes. This product is designed to be environmentally friendly, and we will be using low-cost, widely available raw materials, which will result in lower production costs and a better profit margin. This uniqueness will also give us a competitive edge. We intend to serve the local market initially and then grow to serve the national market before venturing into the international market, which is our essential vision of providing environmentally friendly T-shirts to the world. There are many factors and reasons to choose in building a business. It depends on the business Our team chose this business because we are patronizing recycling and sustainability. Recycling will be an excellent choice because it is beneficial for our business and the environment, two birds with one stone. These reasons are both valuable and favorable for the environment and our business. Nowadays, plastic bottles are no longer usable and are mostly neglected by the public, instead, they serve as a source of litter in nature, which is harmful to our ecosystem. So we decided to make a new fabric out of recycled materials and start a clothing line. It is currently significant and very accommodating. Furthermore, many people are inclined to buy trendy shirts or clothes. It would be assuredly fit for everyone nowadays.CHAPTER II PROJECT SUMMARY A. Business Name : Youthure Duhmeet Youthure is a combination of the words 'youth and 'future', the youths who love to buy clothes and who plan to style their future "damit" on every occasion. While Duhmeet is a gibberish word that came from the Tagalog word 'Damit'. We came up with this business name to attract our target consumers. B. Business Location : Dasmarinas, Cavite With a land area of 90.1 square kilometers and a population of 703, 141 people as of the 2020 census, City of Dasmarinas is the largest city in Cavite in regards to both area and population, This is a good business location since many people are passing by that place, and that it is considered the center of this town. This way, we can attract more customers, especially when people find out that our store is environmentally friendly. C. Brief Description of the Business : Youthure Duhmeet is a start-up business that will sell stylish shirts beneficial for all ages, male or female, youth or adults. This will not be a typical clothing company whose single aim is earning. With the founders' love of nature, they came up with the idea of turning plastic bottled trash into something more valuable yet fashionable fabric, which will be used in creating our clothing line. The company is another business pointed toward furnishing clients with upscale apparel alternatives to purchase and wear. Our organization came to a realization, that a true participant of this membership aims to put to importance both individual, and plant-conservatory matters before, during, and after production. With the use of environmental, and/or eco-friendly clothing materials. Our pricing structure will stay adaptable, as we will utilize a value-based pricing strategy, which estimates the worth of our products to our customers. We will execute end-of-season deals, occasion and stock deals, multi-purchase savings, and limited-time coupons at strategic spans
