Bows By Rebecca Macareno Period 2 Beccas Bows Commercial http wwwyoutubecomwatchvRx2xjzZ9oOY Magazine Ad Beccas Bows Makes Life Better Why bows Perfect competition vs Oligopoly ID: 529077
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Slide1
Becca’s Bows
By: Rebecca
Macareno
Period 2Slide2
Becca’s Bows Slide3
Commercialhttp://
www.youtube.com/watch?v=Rx2xjzZ9oOY
Slide4
Magazine Ad
Becca’s
Bows Makes Life Better Slide5
Why bows?Perfect competition vs. Oligopoly
Too much food competition
Produced a differentiated product
There wasn’t much bow competition
Making bows is fun
It wasn’t stressful making
Easy to sell to my consumers (girls)
I didn’t have to bug them to buy someSlide6
The Bow’s Purpose Make girl’s hair fun
In an inexpensive way
Make them more confident about their hair
Share the gift of bows
Slide7
My GoalI wanted to make back at least half of the money I spent on supplies (ribbon, hair ties, etc.)
I wanted to create a good credibility
My costumers create hype
My costumers become loyal
I wanted to have fun in the process
Slide8
Demand Schedule?Pricing…Not a lot of people were producing bows so I was able to create the price
If there was more competition, I would change the priceSlide9
The Cost1 ½ wide & 12 ft
long
H
ot pink ribbon
1 ½ wide & 9 feet long
Light pink ribbon
Pink thread
Needle Hair bands Total cost: $4Slide10
The labor8 minutes to..Form the bow
Prepare thread and needle
Sow to the hair band
Do finishing touches Slide11
Oligopoly
Small
number of sellers
Large amount of market power
Price maker Slide12
Effect on the Profit Since I was able to create the price..
My business was very cost-effective
Cost to produce bow $.15
Profit was $1.85 per bow Slide13Slide14Slide15
Costumer Reviews 95% costumer satisfaction
1 mishap (a hair tie broke)
Most would recommend the bows to a friend
Most would buy bows again Slide16
Sole Proprietor Advantages
One person in charge (Me)
Easy to manage
Did not have to share profit with partners
Disadvantages
Unlimited liability
Responsible for all the business’s losses
I had to do all the laborSlide17
Why not another business organization?Partnership “Bands and Bows”
My partners did not put in work
I created all my bows
They did not create their headbands
I wanted all the profit
I decided to leave them Slide18
Success or Failure?Success..
It cost $0.15 for each bow plus 8 minutes
Profit of $1.85 per bow sold
I did not have to share profit
It was lots of funSlide19
Real World?I would compete in a monopolistic competition..
Hire more workers
Increase the supply of needed material
Make normal bows and
specialize in holiday bows Slide20
Do you want a bow?
Catch me around school
What type of bow?
Color?
Size?
By when?
Cost? $2