MARKETING For this section, Market research is required. A. Product: choose any product and answer...
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Finance
MARKETING
For this section, Market research is required.
A. Product: choose any product and answer these sections A,B,C,D,AND E
Provide a detailed description of your product (Function & Purpose). Include a picture of it.
B. Price:
How much will you sell your product for? How did you arrive at this price? (Research)
C. Place:
Where (location) will you sell your product? How did you decide on this location? (Research)
D.Promotion:
How will you advertise your product? Who is your target market?
FINANCIAL PLAN
E.Provide a detailed description of the total costs required including workers salaries to make your product for the FIRST month of production. Thereafter subtract this total cost from your estimated total sales giving the profit/loss for the first month.
TOTAL COSTS:
AMOUNT:
TOTAL SALES:
AMOUNT:
TOTAL SALES TOTAL COSTS =
Please indicate if your answer is a profit or a loss.
ps: you choose any product i'm fine with that
Answer & Explanation
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