Retail cost of the Product

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Retail cost of the Product

Post by Tom on Tue Jul 14, 2009 1:51 pm

To the sales department, could you please outline a realistic price that we will sell the wallet for to allow finance to prepare the budget.

Thanks

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Re: Retail cost of the Product

Post by Admin on Wed Jul 15, 2009 2:54 pm

we need to know what the costs are that are involved with manufacturing and packaging the product.

manufacturing!!! Rolling Eyes

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Re: Retail cost of the Product

Post by Alex R on Thu Jul 16, 2009 1:33 pm

i think it will be around $15 dollars i am not sure though, best ask junou.
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Re: Retail cost of the Product

Post by Akio on Thu Jul 16, 2009 2:32 pm

aren't you meant to find breakeven point first after we determine the cost of making the wallet?

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Re: Retail cost of the Product

Post by Shelby on Thu Jul 16, 2009 2:46 pm

I'm headed into a place on Monday morning, so I should have a final manufacturing price for everyone by then. Until I do that I think we'll have to stick with the estimate of $7 I will also probably getting the materials on Monday.

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Re: Retail cost of the Product

Post by Admin on Thu Jul 16, 2009 2:55 pm

you have to determine product cost per wallet first - includes all costs that leads up to the sale of the product (raw materials, transport, insurance, etc)

then you have to work up mark up price for profit, taking into account competition, market audience.

then you have your final price.

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