Classes Polled: Visual Communications, Welding, Auto Mechanics and Public Safety All surveys out of 76 students Would you purchase a t-shirt that says Tech Center? Sales Yes No How old are you? Sales 16 17 18 What is your gender? Sales Male Female Do you prefer crew neck or v-neck? Sales Crew Neck V-Neck What colors do you prefer for a t-shirt? Sales Black Blue Gray Purple Red Green Dark Blue Dark Gray What brand would you wear? Sales Nike Adidas Under Armour What size shirt do you wear? Sales Small Medium Large X-Large XX-Large What school do you come from? Sales Coopersville Jenison Spring Lake Hudsonville Holland Allendale Grand Haven West Ottawa Zeeland Home School Black River Wave Crest Saugatuck How often do you go into the store? Sales Everyday Once a Week Once a Month Once a Year What are your hobbies? Sales Hanging with friends Music Outside activities Sports Collecting Working Electronics Other Research A new brand of Nike, Adidas, or Under Armour T-shirt. Each t-shirt is $13.00 each. Target market would be mostly boys and girls around the ages of 16-18. Vendors of Nike, Under Armour and Adidas were recommended. How does this fit our target market? The t-shirts are a great idea, 64% of 76 students said they would purchase a t-shirt. Demographics- Ages between 16-18 and mostly male Geographics- Hudsonville, Holland and Grand Haven said they were more inclined on buying a t-shirt. Behavioral Variables- 73% of the students polled go to the store once a week, so based on results, they would see the shirts every time they come in. Those same students also said they would purchase a t-shirt from the store. Is the product available for purchase? Yes, the product is available for purchase in orders of 48 or 72 t-shirts. Ordering them from Nike in 3 different colors, black, blue, and gray. A total order can be 48 shirts, of any mix of colors. For example, I can order 3 colors of 16 shirts. We would put them in the store, put them on hangers and show the logo. For my accuracy, my goal is all 48; I would be expecting all 48 with 3 colors, 16 of each color.
Distribution Channel Producer Wholesaler Retailer Consumer Nike- In Vietnam Branded Custom Sportswear Wolf Den Students/ Teachers/ People What would we re-price them at and was the order accurate? Each t-shirt is $13.00, so we could sell them for $15.00. Our Nike Hoodies make $7.00 profit each for $40.00 each, so $15.00 for a t- shirt would be a fair price. We would make $1.95 per shirt for profit and assume we sell all 48 shirts, to give us a grand total profit of $71. Cost, Mark Up %/Amount, Break Even Point and Return on Investment Cost - $13*48+shipping= $649 Mark Up Amount - $15-$13=$2 Mark Up % - $2/$13=15% Retail Price - $15 Break Even Point - $649/$15=44 Shirts Return on Investment- $71/$649=11%