Kian
https://www.youthplays.com/
drama link Thomas and Leo
https://www.youthplays.com/scene/on-a-mission-from-me--my-selfie-and-i-51
8C Nike promotion
- please submit Google document tonight, outlining the revenue and expenses.
- bottom line, how many pairs you have to sell to make $1million?
- who will promote your shoes?
8C, 8D Art
- how many pairs you have to sell to make your first million>
In a Google Doc, record the following:
1) Price your shoes. (note, if the shoe price is too high, say $350, fewer pairs will be sold because people can't afford them)
2) Assume production cost from China is $30/pair
3) Hire someone famous to promote the shoes (e.g. Taylor Swift. Pay her $50/pair for promotion. Less famous, cheaper to hire)
4) How many pairs you have to sell to make one million dollars?
Calculations:
- Assume 5000 pairs will be sold
5000 x $350/pair = $1 750 000 (revenue)
- production cost 5000 pairs x $30 = $150 000
- Taylor cost 5000 pairs x $50 = $250 000
- my profit: revenue – cost ($1 750 000 – $150 000 – $250 000 = $1.35 million Jackport)
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