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Assignment 4 (16002,36,76)
Assignment 4 (16002,36,76)
4 C’s of Pricing:
Our project is book binding, we are following these 4 C’s of pricing.
1- Cost
Fixed Cost: Rs/-
i. Stapler 2000
ii. Hamer 110
iii. Cutter 50
iv. Seizer 30
Variable Cost:
i. Stapler Pins
ii. Tape
iii. Binding sheet
iv. Delivery cost
2- Customers:
Basically, our main target market is Schools/Colleges/Universities Students.
4- Competitions:
Currently, we only have one type competitor that is Book depots and Online Market if
any available.
BOOK BINDING
2. Price
We set our price 45 Rs/- per unit
We provide discount 12% on online order
3. Promotion
Advertising: Currently, we will do our project advertisement via Facebook,
WhatsApp as well as Instagram, Snapchat.
Personal selling: Personal selling consists of human contact and direct
communications rather than impersonal mass communication. So, in our project
we take some order as well by using our personal relations with different people.
4. Place (Distribution)
School/colleges/university
Online order depends on location
5. People
Students
Employs
6. Process
Basically, we are doing online business. So, in our project we receive/get order from
online and then we go at target order location and provide them their order.
7. Physical evidence
Buildings: At this level we work on online, so we have no physical location or
building
Furnishings/decor: Currently, we are not having any type of furnishing due to
online business model.