Reference no: EM131154129
You are starting your own Internet business. You decide to form a company that will sell cookbooks online. Justcookbooks.com is scheduled to launch 6 months from today. You estimate that the annual cost of this business will be as follows:
|
Technology (Web design and maintenance)
|
$5,000
|
|
Postage and handling
|
$1,000
|
|
Miscellaneous
|
$3,000
|
|
Inventory of cookbooks
|
$2,000
|
|
Equipment
|
$4,000
|
|
Overhead
|
$1,000
|
Part I
Deliverable Length: 1 graph plus calculations
You must give up your full-time job, which paid $50,000 per year, and you worked part-time for half of the year.
The average retail price of the cookbooks will be $30, and their average cost will be $20.
Assume that the equation for demand is Q = 40,000 - 500P, where
Q = the number of cookbooks sold per month
P = the retail price of books.
Show what the demand curve would look like for price between $25 and $35.
Address the following questions:
Suppose that you expect to sell about 22,000 cookbooks per month online, and assume your overhead, technology, and equipment costs are fixed. What are your total costs?
Is the business worth pursuing so far?
What market structure have you entered, and why?
What can you do to guarantee success in this market?
What pricing strategy might you use?
|
Primary authority cited in the article or annotation
: Did the information in the article or annotation cited above cause you to change, add or refine your issues? please list the issues involved in each of the fact patterns as you now identify them. Please correctly cite at least one on point primary au..
|
|
Please provide the citation to the article or annotation
: Using the search or searches you provided in Step Two above, locate relevant secondary authority from AmJur, CJS, or ALR regarding those issues, thoroughly review the first 5 results returned, and provide the following information: Did any of your fi..
|
|
Identify three potential printer that could meet requirement
: Research three companies’ websites and identify three potential printers that could meet the requirement. Clarify the warranty coverage and cost. Based on the analysis of the given scenario and your research, prepare the following documents: Based on..
|
|
The value of the bond is
: The value of the Enterprise bonds if the interest is paid semiannually is $ - The value of the Enterprise bonds if the interest is paid annually is $.
|
|
What market structure have you entered and why
: Is the business worth pursuing so far? What market structure have you entered, and why? What can you do to guarantee success in this market? What pricing strategy might you use?
|
|
Explain what the olympic rules regarding females-evidence
: Describe the ancient Greek competitive character, and compare the ancient Olympics (as a festival featuring athletics) to the Olympics today, identifying any major differences. Explain what the Olympic rules regarding females and evidence, such as th..
|
|
Explain method to establish ground rules and set expectation
: Explain methods to establish ground rules and set expectations. How might differences in personality, expectations, and experience affect team efficiency? Describe conflict resolution strategies for interprofessional teams.
|
|
Calculate the maximum temperature in the fuel rod
: Heat conduction in a nuclear fuel rod assembly (Fig. 10B.3) considers a long cylindrical nuclear fuel rod, surrounded by an annular layer of aluminum cladding. Within the fuel rod heat is produced by fission; this heat source depends on position a..
|
|
Consulting secondary resources in assisting the researcher
: Objectives: Appreciation for the value of consulting secondary resources in assisting the researcher in fully understanding legal issues; in assisting the researcher in further refining legal issues; and in assisting the researcher in locating additi..
|