These statements shall then be used to determine if the project is viable or not. To bring out this details, the report shall develop a marginal costing statement that clearly points out the cost per unit of producing each item of the new footwear product, a break even analysis table and graph that shows the time that the project will take to break even, a cash budget that shows how cash will be utilized across the first 12 months, a forecast income statement that shows how much profits will be made from the project within the first 12 months and a forecast balance sheet that shows the project’s assets and liabilities as at the end of each of the first 12 months of operation. The new footwear product that will be developed is a sports shoe that is made of alligator skin combined with goat skin which is known to be light and comfortable as well as durable enough to fit the potential expected for this project. Alligators are rare species and as such the portion of alligator skin used on each shoe will be minimal. On the other hand, goat skin is readily available therefore the supply of the same is expected to be sufficient (Boer Goats 2011). The footwear product shall be referred to as the ‘sporting’ Financial projections The products revenue forecasts, the profits and the cash flows are based on the following assumptions The goats skin shall be readily available and each alligator skin available shall be utilized to the maximum, Due to the revolutionary nature of the product, the monthly sales are expected to be 50,000 units with a monthly growth rate of 2%. The market for the product is expected to be readily available due to the number of shoe distributors available The footwear product has a high growth potential in the United Kingdom due to its light weight and durability which will make it stand out from the rest of the footwear products available in the United Kingdom and eventually the world at large. The price of the footwear product is expected to be ?40 per unit which is priced based on the quality of the footwear and the competitors as shown by the price of footwear in the UK and the US (All footwear 2011). The production capacity of the production process is expected to run at the optimal point from the beginning of the project (West, Hussey and Bendrey, 2003). Marginal costing cost statement (Evans and Michael 2011). The price of the new footwear product will be equal to ?40 as shown in the marginal cos
REVOLUTIONARY FOOTWEAR PRODUCT REVOLUTIONARY FOOTWEAR PRODUCT (Your name) (Your institution) (Your (Your course) (Year) Introduction Innovation is the backbone of the footwear market and as such modern designs that are made using the highest levels of creativity have the potential of taking the footwear products to a whole new level therefore giving footwear customers an experience that is second to none…
In the words of Vonderembse, it is where the competitiveness of a product or a company is established. Product design has tremendously changed from the design mode that it was known and pursued in the industrial revolution era to the mass production period that it is presently known.
Product development process is basically an introduction of a new product which every company has to go through at a certain point of time. Individual’s needs and wants change with time, therefore it is essential for the organization to tailor an existing product or develop a new product in accordance to those needs.
The selection of this product is attributable to the rapid growth of consumers’ preference for green products. It is imperative to note that purchase of green products and utilization of green marketing strategies is rapidly shifting from being a trendy marketing approach to becoming a cultural practice.
The main purpose of this report is to come up with suggestions on modern and improved new product development process for Howden Joinery. Howden Joinery is a company that supplies small builders with kitchen; it has over two hundred depots. The kitchens are installed by the builders.
ucts to keep attracting the customers as the needs and demands of the customers do keep increasing from time to time and also customers look to get the best and most innovative product that is present in the market which can satisfy their needs and wants in a proper way. Thus
ion changed its production method by introducing and pioneering flash pasteurization, which instantaneously raised and lowered temperatures of orange juice in a short period of time. This led to a prolonged shelf life that enabled the transportation and manufacture of the
The most important attributes of Rolls Royce Phantom are its engine, power, tires and the seats which are necessary for its proper functioning. The Phantom comprises of an engine that can be categorized as 6.7L V12 and it has a power of 435 hp, its back as well
They are also more inclined in taking photographs and posting them in the social media. In this case, the audience is highly knowledgeable on what they want in terms of the various features that arepresent in the product. They are capable of comparing the
3 pages (750 words)Assignment
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