“Pricing and Globalization Strategies” Please respond to the following:
Student Response – Diana Ruiz
Pricing strategies I would use an analyze data. I would take a survey from all the local gyms and recreation centers. Then average it out plus take in consideration on the area where the recreation would be located it. If the area is a wealthy area, then the pricing for membership would be higher. However, for the first year we would be pricing a moderate price and take a survey on the members output for pricing, equipment, and customer service. Most gyms are charging up to $120 monthly for membership, while others are charging low as $10 with a hidden charge fee. Most gyms will ask for enrollment fee when signing up and have a one-year contract. The recreation center will ask for donation when sign in up and one-year contract. We would need commitment from members to use the facility as well try out the classes.
Having a website to promote business, it must be creative and easy to find what are you looking for. The website will have our logo and pictures of members and classes. The website main page will have:
The website would be link to all social media like Facebook, Twitter, Snapchat, and etc. We will promote on social media and link to our website. As website will be setup we will have a staff get back to them in timely manner if they have questions on specific classes or events. Have a directory of our staff name and phone numbers for more information.
Assignment 2: Feasibility Analysis
Due Week 6 and worth 135 points
“A feasibility analysis is a chance to open your eyes, ask yourself some very tough questions, then check to see whether your idea, as originally conceived, needs to be modified, refocused, or changed dramatically. (Or perhaps even scrapped altogether.)” (Abrams, as cited in Scarborough & Cornwall, 2015, p. 237).
With this assignment, you will be addressing the fundamental question: Does this business have profit potential?
Referring to the same business you either started or purchased in the first assignment, write a three to four (3–4) page paper in which you:
Your assignment must follow these formatting requirements:
The specific course learning outcomes associated with this assignment are: