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Type your question here Four-step process for setting a price on a product, and using 2,000 custom-printed t- shirts as your product (at a cost of $12.25 each to produce), calculate the price you would use to sell the product and your profit after selling your entire inventory (include other costs, e.g. shipping and packaging). What was your strategy and the factors affecting your decision? If you were to sell 1,000 units (t-shirts) to a department store, would that change you're pricing? Why or why not? What about selling the same t-shirts individually on the street, at a craft fair or on eBay? What strategies would you consider for lowering your costs?
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Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30,000 good T-shirts per month. Their plant operates 200 hours per
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