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If a product costs 45 dollars to make how much should you sell it for?
Wiki User
∙ 13y ago
It depends on the quantity you have, the demand for the product and how much profit you want to achieve. Say you have 100 x the product and you sell it for 60 dollars each (if you sell allof it) you would have a profit of 1500 dollars. However if you have a smaller supply you would put the price up so as to make a bigger profit.
Wiki User
∙ 13y ago
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What is meant by marketing mix?
The Marketing Mix is composed of four elements:Product - This is where you talk all about the product, the attributes of it, its name, its benefit etc.Price - This is where you talk about pricing strategies. You should consider the cost of producing the product, shipping costs, advertising costs and profit. If your product costs 76 cents to make, and 2 dollars to ship, and you still want to make profit, I would give it a price of something like 8 dollars. This will get you profit, as well as cover advertising costs.Promotion - This is the section that includes all types of promoting for your product. Advertising, PR etc.Place - Where the item will be sold, why only those specific merchants, which section of the store etc.
What is meant by mixing?
The Marketing Mix is composed of four elements:Product - This is where you talk all about the product, the attributes of it, its name, its benefit etc.Price - This is where you talk about pricing strategies. You should consider the cost of producing the product, shipping costs, advertising costs and profit. If your product costs 76 cents to make, and 2 dollars to ship, and you still want to make profit, I would give it a price of something like 8 dollars. This will get you profit, as well as cover advertising costs.Promotion - This is the section that includes all types of promoting for your product. Advertising, PR etc.Place - Where the item will be sold, why only those specific merchants, which section of the store etc.
What do you have to earn to buy something that costs 9000?
Usually, to buy something that costs about 9000 dollars, you have to make 9000 dollars. Hope this helps!
How much does it cost to make a Bugatti Veyron?
it costs $5 million dollars to make a Bugatti Veyron
Why does profit occur?
Profit occurs when you sell something for more than it costs to produce. If it costs five dollars to make a deck of cards but you sell it for eight dollars, you have a three-dollar profit.
What basicaly business is?
To sell a product or service at price higher than what it costs to you to make that product or provide that service. Basically to be profitable.
How are fixed costs separated from variable costs?
Fixed costs pertain to expenditures (bills) that you have to pay regardless as to how well your business is doing. Taxes, utilities, maintenance and such. Variable costs change depending on your circumstances. If your sales of a given product increase, you will need to spend more in acquiring the materials needful to make that product, or hire additional workers to make it, and such like that.
What are direct costs?
Direct Costs: These are those costs which are necessary for the production of the goods and without which it is not possible to make the product. Like Direct Materials, Direct Labor. Example: In the process of making shoe leather is called the direct material which is necessary to make shoe and the cost of this leather is direct cost to the product of shoe.
What companies make small treadmills?
Treadmills come in different shapes and sizes . The more common type of treadmills are found at the your local gym. Some companies that make smaller types of treadmills are Horizon which costs about six-hundred dollars , and Lifespan which costs about seven-hundred dollars.
How much will the apple costs in the future?
It will costs about $300 dollars becuz they'll probably make something better in the future. So ima get me one in the future not now.
How much does a Bugatti Veyron cost to make?
the manufacturing of a Buggatti Veyron costs an estimate of 20,000 American dollars.
In order for a product to make a profit it must sell enough units to cover what costs?
it has to cover 15,000 unit before it can make a profit
