WE SELL GIMP STRING

Ivy Andrade And Cleone Mcalpin Block B/D

Gimp
Our idea is to sell Gimp, Gimp is plastic string the is used to make cool designs and different styles of string Gimp is a plaiting and knotting craft, originally aimed at children. It originated in France, where it became a fad in the late 1950s and has remained popular. The name "Scoubidou" comes from the late French singer SachaDistel, who scored his first hit with the song of the same name in 1958. -Wikipedia Scoubidou returned to fashion in various countries, including the United Kingdom, in 2004 and 2005. It uses commercially supplied plastic strips or tubes.Wikipedia Gimp is Very popular and people are gladly willing to buy it

Gimp: 70 cents per string

Supply Pack of Gimp (20 ft) Markers Poster board Supply 1 Pack of Gimp (20 ft) 1 Pack Markers 1 Poster board Cost 7.00$ 2.00$ 1.00$ Unit Cost 7.00$ 2.00$ 1.00$

Every 12 inches of string is 70 cents.

Total Unit Cost for Product How much money will you spend on start up costs

0.35 3.35

Cost Equation
y = 0.35 x + 3.00 y = total cost in dollars x = Amount of gimp (each piece of string ) $3.00 = the fixed cost of advertising materials 0.70 = Per foot of gimp

Revenue Equation
Y= 0.70 X Y= how much money is made X= the amount of gimp sold 0.7= the amount of revenue per foot of gimp

Gimp: Projected Revenue

We will sell 0.70 cents per 20 inches of gimp because the product is sold in variety of colors and is a small object. This Gimp is no ordinary gimp. It can be made into styles such as The Box, Chinese Staircase, Circle Box, The Cobra, and many more. We want our prices to be cheap so people will buy more.

1.) Where do the two lines intersect and what does this mean? The two lines connect at (8,6) 2.) What is happening when your line that represents revenue is higher than your line that represents cost? When the line that represents revenue is higher than your cost Your making more money than the cost to make your product. 3.) Where is your profit shown on the graph? Our revenue is higher than our cost, so our profit is rising.

Cost & Revenue Graph