Entrepreneurship and Small Business Management (MNE3701)
Exam (elaborations)
MNE3701 Assignment 4 (COMPLETE ANSWERS) Semester 2 2024 - DUE 11 October 2024
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Course
Entrepreneurship and Small Business Management (MNE3701)
Institution
University Of South Africa (Unisa)
Book
Small Business Management
MNE3701 Assignment 4 (COMPLETE ANSWERS) Semester 2 2024 - DUE 11 October 2024; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us. .. Having acquired sufficient knowledge and skills on financial management for small ...
"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 affects not only profitability
but also customer perception, demand, and competitive positioning. In this discussion, I will apply
a pricing system to "Fresh Eats Bistro," using break-even analysis, markup pricing, and various
pricing strategies to ensure both profitability and market acceptance.
Break-even analysis is an essential tool for determining the minimum sales volume required to
cover both fixed and variable costs. For "Fresh Eats Bistro," this involves examining the costs
associated with ingredients, labor, rent, utilities, and other operating expenses. Suppose the
Terms of use
bistro’s fixed costs, which include rent, utilities, and administrative expenses,
By making use of thisamount
documentto R50,000
you agree to:
• Use this document as a guide for learning, comparison and reference purpose,
per month. Additionally, variable costs (ingredients, packaging, etc.) for each meal average R40.
• Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
• Fully accept the consequences should you plagiarise or misuse this document.
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