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The sole proprietorship will be called Marge's Mirrors. Marge plans to continue selling mirrors out of he garage, but also develop an online presence. She
The sole proprietorship will be called Marge's Mirrors. Marge plans to continue selling mirrors out of he garage, but also develop an online presence. She will build a website with a cost of $2,000 initially and then $500 annually to market to a wider customer base. Additionally, she will continue to distribute flyers to the local population, which has an annual cost of $250 a month. With these measures, Marge expects her local sales to quintuple, from an estimated $3,000 in her first year to $15,000 next year. In her second year, she is expecting in-person sales volume to grow 30%. In her third year, she is expecting another 20% Jump. In year four, she is planning to increase prices to 2.25 times cost and keep them flat from there on) and sustain a sales volume growth rate of 3% per year infinitely The sole proprietorship will be called Marge's Mirrors. Marge plans to continue selling mirrors out of he garage, but also develop an online presence. She will build a website with a cost of $2,000 initially and then $500 annually to market to a wider customer base. Additionally, she will continue to distribute flyers to the local population, which has an annual cost of $250 a month. With these measures, Marge expects her local sales to quintuple, from an estimated $3,000 in her first year to $15,000 next year. In her second year, she is expecting in-person sales volume to grow 30%. In her third year, she is expecting another 20% Jump. In year four, she is planning to increase prices to 2.25 times cost and keep them flat from there on) and sustain a sales volume growth rate of 3% per year infinitely
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