• Imagine you are planning to open your own business.
• Create a Detailed costing and Pricing model for your company
• You will be marked based on the details you cover and your approach
• For Costing:

1. Identify the different cost components of your business
2. Categorize costs based on Variable and Fixed costs
3. Calculate full cost of the product / contribution margin

• For Pricing:

1. Use the approach we learned in the class on Oct 12
2. You need to show what is your pricing strategy and how you calculate your Selling price per UNIT
3. Create profit/loss statement for your business & Present your conclusion/overall strategy.