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Summary cf BUS315 Assignment 1 .docx BUS315 Assignment 1 €“ Introductions of VectorCal and Universal Drones Inc. BUS 315 €“ Cost and Price Analysis Introduction of Companies: Company Descriptions Universal Drones Inc. was formed to give customers a f

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  • July 3, 2021
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BUS315

Assignment 1 – Introductions of

VectorCal and Universal Drones Inc.

BUS 315 – Cost and Price Analysis



Introduction of Companies:


Company Descriptions


Universal Drones Inc. was formed to give customers a faster, cheaper supplier to

purchase from. Our mission statement is “To create affordable and well-built navigation

systems for all.” The products that we manufacture are drone navigation systems. Our key

personnel include the managers of the security team, operations, quality control, safety, as well

as our designers and administrative assistants. Universal Drones Inc. has a targeted client base

that includes, but is not limited to, the government and privately-owned businesses.



VectorCal was formed because there was a need for a product that they could

manufacture. VectorCal’s mission statement is “To create drone navigation systems.” The

product they manufacture is navigation systems for drones. VectorCal’s key personnel is much

the same as ours, such as, the security team, operations, quality control, safety, and designers.

Their targeted client base is different governments and the military.


Pricing Analysis Methods When Forecasting Government Expenses


VectorCal uses the cost-plus-profit pricing method when contracting with the government

since they are the only competitor able to mass produce the drone navigation system. The

government usually uses the market-based pricing method because price competition between

competitors can be extreme (John E. Murphy, 1). VectorCal should not be too reliant on the

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