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    Bea Bianca Cirilo
    The document discusses two important factors for starting a business: location and pricing. For location, the partners chose to locate their main branch in Vigan City near the University of Northern Philippines for access to customers. However, there is strong competition. For pricing, the management team set prices that are profitable yet affordable for customers. They considered competitors' prices and ensured no overpricing. The table shows the products, sizes, costs, markups, and selling prices.

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    Pricing

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    Bea Bianca Cirilo
    60 views3 pages
    The document discusses two important factors for starting a business: location and pricing. For location, the partners chose to locate their main branch in Vigan City near the University of Northern Philippines for access to customers. However, there is strong competition. For pricing, the management team set prices that are profitable yet affordable for customers. They considered competitors' prices and ensured no overpricing. The table shows the products, sizes, costs, markups, and selling prices.

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    The document discusses two important factors for starting a business: location and pricing. For location, the partners chose to locate their main branch in Vigan City near the University of Northern Philippines for access to customers. However, there is strong competition. For pricing, the management team set prices that are profitable yet affordable for customers. They considered competitors' prices and ensured no overpricing. The table shows the products, sizes, costs, markups, and selling prices.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    60 views3 pages

    Pricing

    Uploaded by

    Bea Bianca Cirilo
    The document discusses two important factors for starting a business: location and pricing. For location, the partners chose to locate their main branch in Vigan City near the University of Northern Philippines for access to customers. However, there is strong competition. For pricing, the management team set prices that are profitable yet affordable for customers. They considered competitors' prices and ensured no overpricing. The table shows the products, sizes, costs, markups, and selling prices.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Location

    Starting a business needed a location to be place for selling products and interaction to

    the costumers. Choosing the perfect location will be hard due exposure of the business to the

    people. Location serves as the linkage between the people and the products and services of the

    business. It also affects the demand and the capacity of the supplies to reach the business.

    Lack of exposure and incompetent can lead to business failure. It must be decided carefully on

    where the business will be place, and it must be accessible to people so that it can attain the

    target market.

    The partners have chosen the main branch of their business, to be place in Tamag, Vigan City

    particularly in University of Northern Philippines where it can be access to students , teacher ,

    school staff. Though there are a lot of risk in the said location such as strong competition to

    fellow business interprenorship.

    This proves that the business has an accessible and enough exposure to the costumers that can

    easily recognize and find.

    Pricing

    Most costumers buy their favorite products because of pricing. Pricing can attract or repel

    costumers. It is one of the factors on creating a business. The business management tram will put
    a price on the products were costumers can approve. They make sure that the pricing is profitable

    and it will be benefiting both the business and customers satisfaction.

    The management team also considered the direct competitors in setting the prices of the

    products. The business management assure that they will be responsible on pricing the product

    and there will be no over pricing. They put lower prices and established pricing strategies to

    attract costumers and ensured costumers rights. However, there will be no bargaining of prices.

    The prices of the said products are fixed.

    The table on the next page will show all the products that the business offers affordable and

    profitable price according to it's different sizes.

    PRDUCTS SIZE COST/ITEM MARK UP SELLING UP

    Fish Empanada Box big 35.00 33.00 40.00

    Special

    Fish Shiang Hai 3 pieces 10.00 8.00 15.00

    Gulaman 12 oz 12.00 10.00 14.00

    160 oz 15.00 13.00 18.00

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