+1-415-670-9189
info@expertsmind.com
How many paying customers are needed
Course:- Marketing Management
Reference No.:- EM13739080




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Marketing Management

Use the Formula below:

Profit = Revenue (Sales) - Total Cost

Total Cost = Fixed Cost + Variable Cost

Break-even occurs when the revenue equals to the total cost, at 0 profit (Revenue (Sales) = Total Cost)

1. How many paying customers do we need to break even for the Event A below.

2. If the Event A organizer plans to make a profit of $35,0000, how many paying customers are needed?

Event A

The admission price: $8.00

Fixed cost: $25,000.00

Each patron generates $2.00 in additional costs

3. The Event B organizer needs to decide the admission price. Calculate the admission price to break even.

4. If the admission ticket sets at $10.00, how much is the profit of Event B?

Event B

Fixed cost: $36,000.00

Variable cost: $2.00 per attendee

Estimated attendance: 12,000 attendance.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Marketing Management) Materials
For your discussion, describe how laundry detergent brands can develop customer relationships and create lasting customer value. Share your thoughts on strategies that can b
Assume you have been asked to design a relationship marketing program for McDonalds. What are the ethical considerations, if any, in this request that might affect you? Writ
Create a 3 to 4-slide PowerPoint presentation in which you describe or explain how each of the following are or potentially will affect. General motor: The effect of global c
The product idea is called Positive ID. Positive ID is a microchip which will be embedded into humans and contains useful information in identifying patients accurately. Cu
Write a 750- to 1,000-word paper in which you identify your favorite brand and explain why it is your favorite. In the paper you should do the following: Identify a brand ab
Assess the importance of a Perceptual Map for current and potential product offerings in the marketplace. Suggest one (1) way in which this instrument can be used by markete
Which of the six persuasion principles will you use?(reciprocation,social proof,authority,liking, and scarcity) How will you use that persuasion principle? aWhy did you choose
Discuss criteria for successful market segmentation. - Write a memo to your client discussing your evaluation of the kids' segment in terms of the four criteria for successfu