Assignment Task:
This submission must include a cost analysis, determining, as precisely as possible, the cost of importing or exporting the proposed product in the proposed trade market. This analysis must identify and provide an accurate projection for all real costs related to the business opportunity. You are encouraged to use and provide a costing sheet along with your detailed analysis.
After identifying the real cost of your proposed venture, you must determine a suitable pricing strategy that will be competitive, cover costs, and provide a profit margin compared to what you could achieve with a similar product by operating in the domestic Canadian market. Your choice of pricing strategy must consider all relevant factors associated with your chosen market.
Once you have completed your cost and pricing analysis, provide a recommendation of whether or not this business opportunity is actually feasible based upon these criteria. Refer to your collected data to support your claim. If your venture is not feasible, you must modify your plan to create a viable alternative.
I selected AL-BAIK Company. I export AL-BAIK Products to the United States.
1. Produce a well-organized, cost, and pricing report that reflects both descriptive and analytical abilities. Consider options and alternatives. Make recommendations and explain the reason for your selections.
2. Structure the presentation in line with the rubric criteria and assignment instructions. Review the expectations related to each section of the project and ensure you address these thoroughly. Look carefully at the grading scheme. In general, if a section is worth twice as much as another, your project should reflect that proportion.
3. Remember that these projects are your opportunity to demonstrate learning, understanding, and retention of feasibility concepts. Sometimes, considering an alternative and dismissing it (with supporting rationale) can be very effective in demonstrating your understanding of the material.