Calculate the price for the dog beds

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Reference no: EM133224063

Assignment:

You have just opened a new pet store. You have ordered 200 dog beds into the store. You know that the fixed costs associated with selling those dog beds is $1,000 and you paid $20 per dog bed to buy them. Also, you want to have $200 profit after all of the beds are sold.

a) Based on this information, what formula will you use to determine the price for these beds and state why.

b) Using this formula, calculate the price for each of the dog beds.

c) Reflecting on various pricing strategies what might be reasons to adjust the price higher or lower based on the calculated price? Be specific in your answer and give an example.

Question

Explain how the design of the Marketing Channel impacts the price that you and I pay for a product. Be very specific in your answer.

Reference no: EM133224063

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