Question
I am a sole proprietor and wants to know what will be the answers for them. The clothes made in this industry are stylish design
I am a sole proprietor and wants to know what will be the answers for them. The clothes made in this industry are stylish design rib resistance jackets that are made up of nylon and have three different heat settings and four heating zones, 14-hour battery life, USB ports, have earphones and machine washable. The heat and cold temperature control jacket are available in Red, Blue, Black and grey colour and in all sizes for men and women.
The clothing industry dealing in heat control jackets includes Columbia sportswear which costs $100-$150 per jacket, ORORO prices $180 per jacket, DEWALT jacket's price range is $165-$180, Amazon is cheapest selling competitor with a price of $39 per heat controller jacket. Other heat controller jacket producers include Paramount, Ember Industries Ltd., Premier Ltd., KIWI- keeping it Warm Inc.
Forfour Garment Industry is targeting the interior and Prairie provinces of Canada because they experience a continental climate which will make the life of people living in those areas easy by making the summers and winters livable. The company is targeting young and middle-aged adults whose ages are between 20-45. They are post-secondary students, professionals who have an income of 28,642,980. Our company is providing the target market with a product which is beneficial for them in severe weather conditions which they face every day.
The packaging of our product has two levels: Individual packaging of bubble wrap around the jacket to keep it safe while transporting and then it will be packed to a shipping carton to protect the jacket from any damage.
The forfour garments purchased from the authorized retailer are completely warranted towards defects in material and workmanship for the lifetime of the product, if the product fails in production, the repair will be done and for the return, the customers have to visit the retail shop they purchased their jacket from.
Cost per jacket is $35 to the company and with a 50% markup, the jacket will be sold to the retailer at a list price of $70 per jacket and the retailer will then sell the jacket to the customer at 50% markup at $140 MSRP per jacket.
The distributors of Seasonomic Smart Shield include Sport chek, Winners, Nordstrom, Old navy, Footlocker and Hudson Bay. Discount on selling price will be given to the retailers based on the volume purchased, 10% for orders above 4000 and 20% on 8000 orders and cash discount of 5/10, net 30 days to the distributors.10% discount to the distributors will be allowed when they will sell extra jackets for the company.
Seasonomic smart shield jackets will be advertised on social media, personal blogs and the company's own website and for the public relation, the company will conduct press releases, sponsored sales events, brochures display, distributing jackets to famous personalities.
The labour cost in hours per day is $0.75 and orders to be produced in one day are 616 units so the labour cost per unit is $0.974 and packaging cost per unit is $0.3 while the shipping cost per unit is $2, so the total cost per unit is $35. The estimated net income after income tax for 2020 is (i don't know yet)
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