Need help with a paper for my small busniess managemnet class My business will be selling $6.00 craft beer pints, $8.00 Mixed drinks, and a $12.00 Cheesy Burgers & Fries
1. Expository Essay: Describe what your products and/or services will be and the pricingstrategy involved for your chosen business. Please respond to the following Checklist items: Provide an introductory paragraph to explain your business briefly and the intention in writingthis paper. Describe what your business will be selling; Describe the products and/or services (name 3-4main ones) and the value proposition. Based on your research of the competition, describe the competition's product/service and provide the price. Then describe the pricing strategy you will use and how the competition's prices have affected your competitiveness in the marketplace.
Pricing Strategies Penetration Pricing = Pricing below normal, long-term price to gain market share.Skimming Pricing = Pricing an item high in the short term to capture the prestige market?helps torecover start-up costs.Variable Pricing/Dynamic Pricing Strategy = Lower pricing for certain customers based on their abilityto pay. (Amazon uses this type)Price Lining = Different quality level product of a certain type are priced by category. Ex: Women's handbags?Designer bags $300, name brand $200 and all other $100.Market Pricing = pricing based on the market- what people are willing to pay only works if there is very little or no competitors.
Explain whether you will buy on credit and the kind of credit terms you expect from yoursuppliers and why. Then explain your customer credit policy; explain whether you will extend credit to your customers and why or why not. If you will extend credit, please describe the terms you expect to receive and/or extend and why Support your responses with your research in your essay using two APA citations in support ofyour descriptions and responses. Remember to include an APA formatted and citation styledreferences page at the end of your Assignment.APA requirements1. Title page2. 12 pt. font - Times New Roman 3. Reference page4. Double-spaced? Provide a short paragraph in conclusion. Unit 6: Small Business Management Make sure to check your grammar and spelling and ensure that your essay is well ordered andlogical in addressing the various checklist items. If you need further help with your writing, gothe Writing Center for additional resources and assistance.Your expository essay should be a minimum of 3 pages in length, in APA format and citation style,
Running head: SMALL BUSINESS 1 Small Business Management
Institution: 1 MANAGEMENT SMALL BUSINESS MANAGEMENT 2 Small business Management
One can only sell their business once. My...
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