Question
This submission must include a cost analysis, determining, as precisely as possible, the cost of importing or exporting the proposed product in the proposed trade
This submission must include a cost analysis, determining, as precisely as possible, the cost of importing or exporting the proposed product in the proposed trade market. This analysis must identify and provide an accurate projection for all real costs related to the business opportunity. You are encouraged to use and provide a costing sheet along with your detailed analysis.
After identifying the real cost of your proposed venture, you must determine a suitable pricing strategy that will be competitive, cover costs, and provide a profit margin compared to what you could achieve with a similar product by operating in the domestic Canadian market. Your choice of pricing strategy must consider all relevant factors associated with your chosen market.
Once you have completed your cost and pricing analysis, provide a recommendation of whether or not this business opportunity is actually feasible based upon these criteria. Refer to your collected data to support your claim. If your venture is not feasible, you must modify your plan to create a viable alternative.
I selected AL-BAIK Company. I exporting AL-BAIK Products to the United States.
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