Assignment
Imagine you are a member of a student organization and you have decided to do a fundraiser for a trip you will take later this year. You have decided to sell T-shirts and Sweatshirts at DCOBA to raise money. You have found a supplier that will sell you the T-shirts at $5.00 each and the Sweatshirts for $10.00 each. Your organization can add on a markup onto those costs when you sell the apparel to students, and keep the profit for your organization. (For full credit, please show your work!)
1. Suppose your organization wants to achieve a 45% return on sales on the T-shirts. What price should you charge the students for a T-shirt?
2. If you want to achieve the same 45% return on sales on Sweatshirts, what price should you charge for a Sweatshirt?
3. Suppose you want to avoid making change and decide to charge an even $10.00 for the T-shirts. What is your new return on sales percentage?
4. Suppose you decide to avoid making change on the Sweatshirts as well, and set your price at $15.00. What is your new return on sales percentage?
5. At the end of the first week, sales are high. Your organization is excited by the success and would like to start selling in the student center as well. You expect to sell at least twice as many shirts, so you'll be increasing your order from the supplier. The supplier might be willing to give you a discount, since the order will be large. Your goal is to get a 60% return on sales on the T-shirts and a 40% return on sales on the Sweatshirts. Your price for the T-shirts will still be $10.00 and $15.00 for the Sweatshirts. To achieve these goals, what cost will you need to request from the supplier?
Write Up 1
For this project, you will do write-up throughout the semester.
You will find an article in a recent edition of Bloomberg Business week. It should be something that you find interesting. Then, you'll analyze the content and put together a short (approximately one page, no more than 2 pages) write-up in which you report your analysis.
Each write-up should include:
Basic information:
• The date of publication
• The title and author of the article
• Page numbers on which the article can be found
• A (brief) summary of the article
Analysis:
• How does this article relate to what we've discussed in class? Why would a marketing professional be interested in the article, and how would they apply it to the marketing decisions they make? Be sure to use course terms. Part of your grade will include how well and correctly you use course terms when discussing your article.
• Why do you think this article was published in this magazine? Consider how it connects to the broader business world. If your major is not marketing, it may be helpful to consider what value someone in your major would get from the article if they were to read it.
Reflection 5
Use this assignment to reflect upon what you've read and learned over the course of this module, or this whole semester. Also use it as an opportunity to ask for clarification on any topics you didn't fully understand, or questions that came up while you were working. Think of it as the participation and discussion you might do in a face-to-face class. I'll clarify things and answer your questions just like I would in class or office hours. Full credit will be given to reflections that seem thought-out and well-considered.
1. First Impressions: List thoughts or ideas that came to mind as you did the work.
2. Key Terms: List words and concepts you felt were important.
3. Questions: List any questions that came to mind while you completed the work this week. These questions can be about the content, a topic related to the content, or about assignments or the format of the class.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.