In your own words, describe a current product (good or service) you believe has entered the Decline Stage of the Product Life Cycle.
Assignment Question
Address each of the following issues in a separate paragraph or two, with each response identified by the corresponding letter of the issue you are addressing. Your responses should reflect issues you have studied in the modules and must be your own work. If you do incorporate other sources, be sure to clearly identify them as such. DO NOT include the questions; just number your responses appropriately.
Assignment 3 Issue 1. A) In your own words, describe a current product (good or service) you believe has entered the Decline Stage of the Product Life Cycle. B) What factors caused it to go into decline? C) Can you think of any change in the 4P’s that might allow the life of the product to be extended? Issue
2. Of all the promotional tools we looked at in this chapter, which one is the most effective in getting your attention and interesting you in a product? Conversely, which of the tools is something that has a slim to zero chance of reaching you, much less interesting you? explain why. Issue
3. Keeping the Fundamental Accounting Equation in mind (Assets = Liabilities + Equity), categorize the items below (assets, liabilities, equity) into the proper category to create a simple balance sheet. Provide the balance sheet in its entirety, not just the answer to the equation. Do NOT paste a picture of a file… type the balance sheet out. Do NOT use a template created elsewhere. If you use an electronic spreadsheet, submit the spreadsheet file in addition to the word file used for the rest of this assignment. Refer to your BC Online ID number and determine what the first two (2) non-zero numbers are. Use those two numbers to replace the “XX’s” in the two entries below. Equipment 200,000 Accounts Payable 50,000 Cash 30,000 Loans Payable 130,000 Buildings 400,000 Retained Earnings 830,0XX Land 125,000 Accounts Receivable 100,000 Inventory 155,0XX Issue
4. Barrel Racer Betty has decided to make and sell custom saddles. She was able to rent a workshop/garage in an industrial park for $5,000 a month, which includes all utilities, and she already owns the equipment and tools she needs. She anticipates being able to sell her saddles for $2,000 each. The raw materials (leather, wood, etc.) will cost an average of $800 for each saddle, and he plans to spend $200 sales commission per saddle to the regional tack shops who have agreed to sell them to the public. (A) Assuming these are all the costs and revenues, what will be Betty’s monthly break-even point in units (saddles)? (B) Does this seem like a reasonable amount for her to produce and sell every month? show your calculations. Again, do NOT paste a picture of a solution… write (type) the solution calculation yourself and answer all questions. Part 2 If you had a wealthy uncle who offered to buy you 75 shares of any stock you desired, which company would you choose, and why would you select them? Part of your post should address The current price and If you intend to hold on to the stock for a long time or see it as a short term investment. Need to include references (website).
