Design a project based on the learning outcomes and integrating current events. Instructions: This project will reference the "Bogdan Reels" case found on page 62.
Address the following questions in the body of the essay:
i. Reels made by Bogdan Reels are already expensive. Steve is wondering, though, if there is room to increase the price to cover some of the cost of expansion. As a consultant to Bogdan Reels, Steve asks your opinion.
What are the factors entrepreneurs should consider when determining the proper price to charge for a product?
ii. Presently, Bogdan Reels does not even own a computer. You are certain that the Web would provide an excellent means of marketing Bogdan Reels' products. Explain why the Bogdans should consider moving into ecommerce.
What advantages might it present, and what are some of the drawbacks the Bogdans will need to watch for?
iii. Dan Whitcombe, the manager of the bank the Bogdans deal with, is still unconvinced he should loan money to Bogdan Reels.
What are some alternative forms of debt financing Steve and Sandy should consider?