The sole proprietorship will be called Marge's Mirrors. Marge plans to continue selling mirrors out...
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The sole proprietorship will be called Marge's Mirrors. Marge plans to continue selling mirrors out of he garage, but also develop an online presence. She will build a website with a cost of $2,000 initially and then $500 annually to market to a wider customer base. Additionally, she will continue to distribute flyers to the local population, which has an annual cost of $250 a month. With these measures, Marge expects her local sales to quintuple, from an estimated $3,000 in her first year to $15,000 next year. In her second year, she is expecting in-person sales volume to grow 30%. In her third year, she is expecting another 20% Jump. In year four, she is planning to increase prices to 2.25 times cost and keep them flat from there on) and sustain a sales volume growth rate of 3% per year infinitely The sole proprietorship will be called Marge's Mirrors. Marge plans to continue selling mirrors out of he garage, but also develop an online presence. She will build a website with a cost of $2,000 initially and then $500 annually to market to a wider customer base. Additionally, she will continue to distribute flyers to the local population, which has an annual cost of $250 a month. With these measures, Marge expects her local sales to quintuple, from an estimated $3,000 in her first year to $15,000 next year. In her second year, she is expecting in-person sales volume to grow 30%. In her third year, she is expecting another 20% Jump. In year four, she is planning to increase prices to 2.25 times cost and keep them flat from there on) and sustain a sales volume growth rate of 3% per year infinitely
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