Inventing or Modifying A Product Case Analysis Paper 

Inventing or Modifying A Product Case Analysis Paper

1. Invent a product or purchase a product from other manufacturers that you can modify with your idea into your own
2. Explain the reasons for customers to buy your product
3. Describe the variable costs to make one unit and total them
4. Describe the fixed costs to make one unit and total them
5. Describe your pricing for the product.
6. How many do you think you can sell the product?
7. Where will you sell your product? Will there be any variable selling costs?
8. Describe the advertising costs
9. Contribute margin income statement
10. Calculate and explain your break-even point
11. How many do you need to sell to gain a profit of $60,000?

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