Entrepreneurship and Small Business Management (MNE3701)
Institution
University Of South Africa (Unisa)
Book
Small Business Management
Well-structured MNE3701 Assignment 4 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... Having acquired sufficient knowledge and skills on financial management for small business, you must demonstrate practical competencies in constructing financia...
Entrepreneurship and Small Business Management (MNE3701)
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MNE3701
Assignment 4 Semester 2 2024
Unique Number:
Due Date: 11 October 2024
QUESTION 1 (2 ANSWERS PROVIDED)
Applying a Pricing System for "Fresh Eats Bistro"
Introduction
"Fresh Eats Bistro" is a small, health-conscious eatery located in Randburg that specializes
in serving fresh, organic, and locally sourced meals. The business aims to promote
sustainable living while offering high-quality food. As a new entrepreneur, one of the most
critical tasks for the success of the bistro is determining an effective pricing system. Pricing
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conductpositioning. In this discussion,
their own extensive research andI will apply
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with system or
their instructors to academic
"Fresh Eats Bistro,"
advisors using
for specific
assignment requirements.
break-even analysis, markup pricing, and various pricing strategies to ensure both
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Break-Even it to their assignments.
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Break-even inspiration,
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to cover both fixed and variable costs. For "Fresh Eats Bistro," this involves examining the
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Suppose the bistro’s fixed costs, which include rent, utilities, and administrative expenses,
provided.
amount to R50,000 per month. Additionally, variable costs (ingredients, packaging, etc.) for
each meal average R40.
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