Calculate the selling price

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Reference no: EM13108371

Four-step process for setting a price on a product, and using 2,000 custom-printed t- shirts as your product (at a cost of $12.25 each to produce), calculate the price you would use to sell the product and your profit after selling your entire inventory (include other costs, e.g. shipping and packaging). What was your strategy and the factors affecting your decision. If you were to sell 1,000 units (t-shirts) to a department store, would that change your pricing? Why or why not? What about selling the same t-shirts individually on the street, at a craft fair or on eBay? What strategies would you consider for lowering your costs?

Reference no: EM13108371

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