WolfWear Fatima Abdel-Gwad Moncerrat Avila Steven Summers
This is youwithoutWolfWear,mereCubs.
youwithWolfWear,trueTimberWolves!
Customer’s Need Ms. HanzelMs. Hanzel Wanted us to propose concepts for a new startup companyWanted us to propose concepts for a new startup company WolfWear company nameWolfWear company name
Solution to Customer’s Need Create a pricing modelCreate a pricing model Different quality and price levelsDifferent quality and price levels Design costDesign cost
What’s Next? Pricing Model example of a hoodiePricing Model example of a hoodie Graphs show the gross income and units soldGraphs show the gross income and units sold Increased unit and design cost by 10%Increased unit and design cost by 10% Decreased unit and design cost by 10%Decreased unit and design cost by 10%
Design Costs and Prices Slope Intercept Form: y=mx+bSlope Intercept Form: y=mx+b Example Equation: y=25x+20Example Equation: y=25x+20 X is equal to the number of units sold The 25, or m, is the unit cost The 20, or b, is the design cost
Value Pricing Model Equations:Y=25xY=25x+20Y=25x+22Y=25x+18Y=27.5x+20Y=22.5x+20 Gross Income Units Sold Unit cost Unit cost plus design cost 10% increase in design cost 10% decrease in design cost 10% increase in unit cost 10% decrease in unit cost
Standard Pricing Model EquationsY=30xY=30x+20Y=33x+20Y=27x+20Y=30x+22Y=30x+18 Units Sold Gross Income Unit cost Unit cost plus design cost 10% increase in unit cost 10% decrease in unit cost 10% increase in design cost 10% decrease in design cost
High Pricing Model EquationsY=35xY=35x+20Y=35x+22Y=35x+18Y=38.5x+20Y=31.5x+20 Units Sold Gross Income Unit cost Unit cost plus design cost 10% increase in design cost 10% decrease in design cost 10% increase in unit cost 10% decrease in unit cost
Front of the Hoodie
Back of the Hoodie
Conclusion Value Pricing-$25Value Pricing-$25 Standard Pricing-$30Standard Pricing-$30 High Pricing-$35High Pricing-$35 Design Cost-$20Design Cost-$20 Without Wolf Wear, you’re just cubs.Without Wolf Wear, you’re just cubs.