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Pages:
1 page/β‰ˆ275 words
Sources:
4 Sources
Style:
MLA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.86
Topic:

Personal Brand Management for Impress4Less

Essay Instructions:

Please follow the instructions attach, thank you
Please focus on these when writing the anlaysis
Problem Identification
• Identify the major problems found in the case. Ensure that you distinguish between causes and symptoms. Causes may include changing customer preferences, increased competition, etc. Symptoms include declining revenues, loss of brand equity, increased customer churn, etc.
• Please support your problem identification by relevant case facts along with the associated theory and concepts.
Quantitative Reasoning and Analysis
• Conduct research to identify data (e.g., obtain data in the form of trends, statistics, ratings, etc. from the library and other sources) that can be utilized to provide additional insight into the case.
• Draw appropriate conclusions based on the quantitative analysis of data, while recognizing the limits of this analysis.
Discussion and Recommendation
• Identify and recommend a solution to the major problem in the case (there is likely to be more than one solution).
• Briefly outline your solution and evaluate it in terms of its pros and cons.
• Always ensure that your recommendations are supported by statistical evidence and provide spreadsheets as necessary

Essay Sample Content Preview:

Analysis
Name
Department
Course
Instructor
Due Date
Analysis- Personal Brand Management
Problem Identification
Impress4Less charges a $ 50 online premium service fee for 200 users and has proposed a 10% price cut to $ 45. Based on the price change, there is a need to evaluate this effect on the profits. The fixed costs remain constant at $ 3,000 while the variable cost is $10 per user exchange. Lowering the price results in higher demand for the service, and this affects the revenue.
1. Users who would buy at $45 to meet last year’s profits
Profits= Revenue –CostsProfits-Variable costs – fixed costs
Profit at 100 users= (200* $50) - (200-$10)-3000= (200* $40)-$3000= $ 5,000
New number of users, Profit (5000) = (P-V)*Q-3000 (45-10)x-3000=5000
35x=8000 and = 228.6= 229
There would be a need for 229 users to get a 5,000 profit.
 When there are 200 users, the fixed costs are $ 3,000, the variable costs $ 10, and at $ price, the total costs are $ 5,000, the revenue is $ 10,000, and the profit is $ 5,000. Thus, after dropping the price f...
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