You are a small business person who plans to open a premium coffee shop, much like Starbucks. Your value proposition is premium blend coffee from small farmers around the globe, a fun, informal environment for college students and others who might enjoy televisions, a funky atmosphere (paintings on the walls, workers wearing tee-shirts and shorts, cement floors, and used furniture for seating. Compose a discussion post that responds to each of the following prompts:
1. Considering your unique brand position the market competition, and your goal of achieving brand awareness and premium image, how would you arrive at prices for your coffee? How important are the 4Cs (costs, competition, customers, company strategy) for this product?
2. Consider the pricing objectives and strategies (attached) what are your objectives as a new shop and what is your pricing strategy (long term? Explain your rationale
3. What is your price ter level relative to your competition Discuss your reasoning
4. Assume the following factors the average variable cost for all coffee sold is 15 foxed costs $30 K/ month How much coffee do you need to sell at the prices you've set to breakeven (e. cover all fixed costs) for a month?
