| FIN203: Financial Management |
- Research into the average cost of various foods ingredients, labor, and overhead costs to estimate the average cost of preparing 1 set of the product in pack size suitable for delivery. Do account for any packing cost needed. State any assumptions
- The business is considering offering online sales and delivery with existing platforms. Research into online offers by competitors to determine the range of price charge for similar products, expenses expected with using one of the platforms including platform fees, marketing, and costs to resolve customers’
- Propose the price to charge per product and assume the expected sales volume per month from the online delivery. Prepare the budget for 1 month showing the expected profit/loss from this online
- Calculate the contribution per product, annual breakeven volume, and the volume required to earn a profit of $5,000 per.
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