Consider withdrawing from the market

Assignment Help Business Management
Reference no: EM132283849

As you know we have a line of workout DVDs that have not been producing good margins. The one that seems to be dragging the most is our Rowing Rapids tutorial set due to the entry of many alternatives such as Boating Bahamas and Outrageous Oaring that appeal to those unsavory college student instructors. Specifically, we are taking losses on our sales volume right now and I would like you to take a look at our current pricing scheme. Our sales department has estimated our monthly demand to be Q = 1,212 - 4P and our accounting department has informed me that our cost structure is effectively C(Q) = 91,000 + 3Q.

We are currently pricing our product at $175 and still losing money. Let me know if we should re-address our price point decision, or if we should consider withdrawing from the market. You never can tell with the shifting winds of the exercise market.

If we can improve the situation I might be inclined to roll out another advertising campaign to try and boost interest for the DVDs, so your review is of the utmost importance. On the plus side, our diving waterfall tutorials have been very popular with the 65 and older segment.

Reference no: EM132283849

Questions Cloud

In what ways are assessments in early childhood different : Explain why it is necessary to approach assessment in early childhood differently than assessment with older children.
Agricultural and rural development in africa : What are Core Requirements of a Strategy towards Agricultural and Rural Development in Africa.
Variety of foreign markets with little customization : What are 5 products that could be marketed in a variety of foreign markets with little customization?
Communication and Reputation Audit Report : PRN101A - Understanding Public Relations Assignment - Communication and Reputation Audit Report, Torrens University, Australia. Perform a situational analysis
Consider withdrawing from the market : Let me know if we should re-address our price point decision, or if we should consider withdrawing from the market.
Explain the role of power in the conflict : Briefly describe the needs that each party is or was trying to address in the conflict and explain how they affected the conflict.
Why does social unrest become problematic in china : Why does social unrest become problematic in China's rural sector starting in 2008?
Why does the aa schedule slope downwards : The AA schedule shows combinations of output and exchange rate at which two asset markets, namely the foreign exchange market and the money market
What are some leadership traits we see in francois : What are some traits we see in President Mandela's character that shows he's a good leader? What are some leadership traits we see in Francois?

Reviews

Write a Review

Business Management Questions & Answers

  Bluegreen alliance a partnership of convenience

In your opinion, is the BlueGreen Alliance a partnership of convenience, or does it have the potential to build a new way of approaching sustainability

  Discuss-the market for consumer goods and services

How does the pricing of an insurance policy for the insurer differ from a bologna manufacture's pricing its product and why does the difference in pricing problems require that insurance pricing be subject to regulation?

  Describe a risk management process

You are the project manager for a high dollar project for the public sector. Your boss asks you to describe a risk management process

  Part of the initiating phase for project

Which steps already performed by Mary Kate are part of the initiating phase for this project? Which steps are part of the planning phase?

  What technologies are imperative to maintaining the business

What talents will you be looking for when you hire employees? What technologies are imperative to maintaining the business?

  Which is not correct relating to bottleneck resources

Which of the following is not correct relating to bottleneck resource? All the following are means to manage capacity by shifting and stimulating demand except.

  What are distinct characteristics of baby boomers

Please need help show clear work please thank you. What are distinct characteristics of baby boomers, generation X, and generation Y employees?

  Explain how many prisoners does the county plan

efficient in their use of this space, explain how many prisoners does the county plan to process per year?

  Business ethics of the national enquirer company

Business Ethics: The National Enquirer, Inc., is a Florida corporation with its principal place of business in Florida. It publishes the National Enquirer, a national weekly newspaper with a total circulation of more than 5 million copies.

  Handyman read this clause but did not say anything to elle

The handyman read this clause but did not say anything to Elle.

  Manager of real property for hiretime in vermont

Hiretime hired Ron Black as manager of real property for Hiretime in Vermont, responsible for activities related to maintaining leased office space.

  Money in the conventional sense

Folks turning into our neighborhood would smile to see the beauty of that space, all the while feeling gratitude for the preservation of the sanctity of our neighborhood. It wouldn't make money in the conventional sense, but there is always more t..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd