Entrepreneurship and Small Business Management (MNE3701)
Exam (elaborations)
MNE3701 Assignment 4 (COMPLETE ANSWERS) Semester 2 2024 - DUE 11 October 2024
32 views 2 purchases
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.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any
form or by any means.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller iStudy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.76. You're not tied to anything after your purchase.
