1. 2. Breakeven=Total Fixed Expenses/Weighted Average Selling Price-Weighted Average Variable Expenses Using Suggested Retail Prices: Weight Average Selling price= (2.99x50%)+(6.95X16%)+(14.95x12%)+(5.95x10%)+(2.95x7%)+(8.95x1%)+(24.95x1%)+(39.95x1%)+(59.95x1%)+(19.50X1%) =1.495+1.112+1.794+.595+.2065+.0895+.2495+.3995+.5995+.195 =$6.7355 Weighted Average Variable Expenses= (1.16x50%)+(2.35X16%)+(4.78x12%)+(2.5x10%)+(.97x7%)+(2.95x1%)+(9.05x1%)+(11.02x1%)+(23.06x1%)+(7.42X1%) =.58+.376+.5736+.25+
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company by analyzing consumer perceptions‚ pricing strategies‚ identifying and gaining access to effective distribution channels and efficient use of its Web site. Situation Analysis Since the inception of a revolutionary spicy chocolate recipe‚ Marilyn Lysohir and Ross Coates have been striving to grow a profitable business in the chocolate industry. Each year Marilyn has loaned the company money to keep it running. Cowgirl Chocolates‚ primarily run by Marilyn‚ with help from family and
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Introduction Cowgirl Chocolates was started in 1997 by Marilyn Lysohir and her husband‚ Ross Coates. Marilyn and Ross are artists and devote much of their time to their artistic endeavors. Marilyn is a ceramicist and lecturer who is internationally known and has a successful ceramic art business. Ross is a sculptor and a professor of fine arts at a nearby University. As a labor of love‚ Marilyn and Ross began publishing a once-a-year arts magazine called High Ground. More a multimedia product
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3) Ursula is a marketing manager for a bathroom tile company. She is trying to figure out her if her firm needs to utilize a push or a pull strategy. What are the differences between a push and pull strategy? (20 marks) Push Strategy A “push” promotional strategy makes use of a company’s sales force and trade promotion activities to create consumer demand for a product. The producer promotes the
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Push strategy Push is the promotional strategy that involves in taking the product directly to the customer via whatever means to ensure the customer is aware of your brand at the point of purchase. "Taking the product to the customer" ✓ Uncertainty is relatively low ✓ Economies of scale important ✓ Long lead times ✓ Complex supply chain structures Thus‚ ✓ Management based on forecasts is appropriate ✓ Focus is on cost minimization ✓
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In order to build an effective online marketing strategy for your business‚ it’s important to understand the theory behind what we call "push" and "pull" strategies‚ and how they can be utilized together to drive optimal results. Let’s use a hypothetical example to illustrate this concept: Suppose it’s February and you’ve invented the world’s greatest stadium noisemakers. Called "The Loudinator"‚ these things put Thundersticks and Bam Bams to shame. You’ve just invested a lot of money into
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Muhamad Riduan Bin Abd Rahim Answer: Push Examples of companies are a) For example‚ Motorola use a push strategy to make arrangements with large mobile phone providers‚ such as Sprint‚ Verizon and AT&T‚ who can advertise phones directly to consumers. Businesses can promote products to wholesalers and vendors through trade shows‚ contacting local retailers and providing attractive packaging and point of sale displays to convince consumers to buy. b) Second is Nokia‚ Nokia promote their products
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terms push and pull originated in the logistic and supply chain management‚[2] but are also widely used in marketing.[3][4] A push-pull-system in business describes the movement of a product or information between two subjects. On markets the consumers usually "pulls" the goods or information they demand for their needs‚ while the offerers or suppliers "pushes" them toward the consumers. In logistic chains or supply chains the stages are operating normally both in push- and pull-manner.[5] Push
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might help.” While others stared in disgust. It’s hard to wear cloaks of shame‚ wear battle wounds every day‚ taught to hate the flesh I live in‚ and fight the greatest battles- the ones I fight inside. “You’re a mistake‚ just look in the mirror.” “Cowgirl!” “Who can ever like someone like you.” I can never cure myself‚ of my pain because this disease lies beneath. It’s more than what’s on the surface. My skin just
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suggested retail price and wholesale prices of Cowgirl Chocolates products are displayed in Exhibit 2 (p. 491) along with the product and packaging costs. Based on this information‚ discuss the relative merits of using a cost-based‚ demand-based‚ or competition-based pricing method. COST-BASED PRICING: This procedure‚ on the part of Cowgirl Chocolates could be utilized for pricing through lowering the cost of packaging and advertising as well. The Cowgirl Chocolate has already created a website (http://www
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