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This project focuses on creating a business plan and pricing model for a Wolf Wear merchandise company. Ms. Hanzel seeks to understand the cost of designs and different sizes, along with creating a logo/print for the products. The business plan will examine high, standard, and low-quality products, with graphical analysis for pricing strategies. The pricing models provided can help in decision-making for the startup. The graphs illustrate cost variations based on quality and quantity, aiding in setting competitive prices in the market. The aim is to develop a profitable pricing strategy that aligns with customer needs and product quality standards.
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A’zhuneek Nicks, Ryan Westvig & Jesus Narez Wolf Wear Project
Customers needs • Ms. Hanzel wants a Wolf Wear merchandise company • How much will each design cost • How much will each size of the design cost • Logo/print made for wolf wear product
Solution • Business plan focused on pricing • Business makers- start up plan; pricing model • Make a pricing model and graphical analysis business plan • Make a graph for the high, standard, low quality products
High price graph Product cost y=55.50x+0 Design cost y=55.50x+50 Design cost increased by 10% y=55.50x+55.00 Design cost decreased by 10% y=55.50x+45.00 Product cost increased by 10% y=61.05x+50 Product cost decreased by 10% y=49.95x+50
Standard price graph Gross income Y=30.50x+50 Y=30.50x+55 Y=33.55x+50 Y=30.50x+45 Y=27.45x+50 units
Low price graph Gross income Y=23.20x+55 Y=23.20x+50 Y=23.20x+45 Y=25.52x+50 Y=20.88x+50 Units