Optimizing Pricing Strategies for Enhanced Product Margins

Ouvert
Ofori
Cambridge, Ontario, Canada
Daniella Addison
Owner
(57)
5
Projet
Parcours académique
60 heures de travail au total
Apprenant.e
N'importe où
Niveau Intermédiaire

Portée du projet

Catégories
Étude de marché Opérations Analyse concurrentielle Modélisation financière Marketing strategy
Compétences
cost of goods sold (inventory) strategic planning growth strategies market dynamics financial analysis direct-to-consumer (dtc) pricing strategies wholesaling
Détails

Ofori seeks to enhance its pricing strategies to maximize product margins while aligning with its long-term growth strategy in both wholesale and direct-to-consumer markets. The project involves analyzing the Cost of Goods Sold (COGS) to ensure that pricing structures are optimized for profitability. Learners will apply their knowledge of financial analysis and strategic pricing to evaluate current pricing models and propose adjustments. The project aims to provide insights into how pricing can be leveraged to support Ofori's growth objectives. By focusing on both wholesale and retail pricing, learners will gain a comprehensive understanding of market dynamics and pricing strategies. This project offers a practical application of classroom concepts in a real-world business context.

Livrables

- A detailed report analyzing the current COGS and pricing structures.


- Recommendations for optimizing wholesale and retail pricing to enhance product margins.


- A strategic plan aligning pricing strategies with Ofori's long-term growth objectives.


- A presentation summarizing findings and proposed pricing adjustments for stakeholder review.

Mentorat
Réunions régulières

Enregistrements programmés pour discuter des progrès, relever les défis et fournir des commentaires.

Causes prises en charge

Les défis mondiaux auxquels ce projet s'attaque, en accord avec les objectifs de développement durable (ODD) des Nations unies. En savoir plus sur les 17 ODD ici.

Good health and well-being

À propos de l'entreprise

Entreprise
Cambridge, Ontario, Canada
0 - 1 employé.es
Éducation, Cosmetics & beauty
Représentation
Entreprises appartenant à des minorités Propriété des femmes BIPOC Petite entreprise Entreprise sociale
+ 1

Ofori's mission is to create a society that is aware, informed, knowledgeable and equipped to make informed decisions about the products and processes marketed to BIPOC consumers that harm and hurt while taking away from their natural state of beauty. We hope to enhance the confidence and quality of life of BIPOC consumers struggling with caring for their hair and skin with our safe and affordable products.