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MNE3701 Assignment 4 (COMPLETE ANSWERS) Semester 2 2024 - DUE 11 October 2024 R50,00
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MNE3701 Assignment 4 (COMPLETE ANSWERS) Semester 2 2024 - DUE 11 October 2024
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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 ...

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  • October 9, 2024
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MNE3701
Assignment 4 Semester 2 2024
Detailed Solutions, References & Explanations
Unique number:
Due Date: 11 October 2024 @23h00
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 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
QUESTION 1 (2 ANSWERS PROVIDED)

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
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bistro’s fixed costs, which include rent, utilities, and administrative expenses,
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