â€¢Â Â Â State your chosen business type, its
trading name and what product (ideally manufactured but not
necessarily) you intend to sell. Â
Provide in your own words, background as to the general price of similar goods available in the market, known competitors, assumptions about quantities and cost prices based on research in the market.
Clearly identify a target selling price for your companyâ€™s product, using supporting arguments from your research of the current market and any other source.
Your product cannot be a service and may be either manufactured or bought fully made ready to sell. (Max 700 words). Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â (Marks: 20%)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
â€¢Â Â Â Provide in the main body of the report any assumptions you have made about costs, revenue, demand and supply in order for the reader to understand your calculations contained in your operational budgets. This will involve explaining how you calculated the unit costs elements.
Also, provide a brief description of any manufacturing process (supply chain process) you need to go through to get the product to market.
Explain your assumptions about any credit facilities you will use, timing of cash flows and any assumptions to support your Cash flow budget. (Max 900 words
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