Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Selling Prices list the selling price you chose for each product explain and defend tye selling prices that yog established for each product. Why did
Selling Prices
list the selling price you chose for each product
explain and defend tye selling prices that yog established for each product. Why did you choose these selling prices? be sure to reference uour cost volume profit analyses
You have conducted some market research for style and size of products you want to use to launch your business. The market research has indicated the following sales price ranges will be optimal for your area depending on style of products, you choose to sell: price o With pricing at 520 per collar, you cantexpect to sell 30 collars per day. Soss o With pricing at \$28 per collar, you can expect to sell 20 collars per day. - With pricing at $26 per leash, you can expect to sell 23 leashes per day. - With pricing at $30 per leash, you can expect to sell 18 leashes per day. - Harnesses - With pricing at $25 per harness, you can expect to sell 25 harnesses per day. - With pricing at $30 per harness, you can expect to sell 22 harnesses per day. - With pricing at $35 per harness, you can expect to sell 20 harnesses per day. Additionally, you will need to compare your break-even points for the following target profits for each area of your business to determine your prices: - Collars Break-even $300 target profit each month $500 target profit each month - Leashes Break-even $400 target profit each month $600 target profit each month - Harnesses You have conducted some market research for style and size of products you want to use to launch your business. The market research has indicated the following sales price ranges will be optimal for your area depending on style of products, you choose to sell: price o With pricing at 520 per collar, you cantexpect to sell 30 collars per day. Soss o With pricing at \$28 per collar, you can expect to sell 20 collars per day. - With pricing at $26 per leash, you can expect to sell 23 leashes per day. - With pricing at $30 per leash, you can expect to sell 18 leashes per day. - Harnesses - With pricing at $25 per harness, you can expect to sell 25 harnesses per day. - With pricing at $30 per harness, you can expect to sell 22 harnesses per day. - With pricing at $35 per harness, you can expect to sell 20 harnesses per day. Additionally, you will need to compare your break-even points for the following target profits for each area of your business to determine your prices: - Collars Break-even $300 target profit each month $500 target profit each month - Leashes Break-even $400 target profit each month $600 target profit each month - Harnesses Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started