Paper

Student Notes:

· The below is an outline for you to follow for your assignment.

· Refer to the rubric for this assignment to become familiar with how your paper will be graded

· Refer to scenarios and readings from previous weeks in order to complete this assignment.

You just created a new start-up company called Universal Drones Inc, because you want to compete in the growing industry of drone navigation systems. VectorCal (as described in the course videos) is currently the only major company in the field. Your views on VectorCal is that they the charge a lot for their products and take a long time to manufacture them. You feel that your company can be a more efficient version of VectorCal.

Keep In Mind: When you are completing this assignment, you should be creating all the necessary assumptions to support your claim of being more efficient.

As indicated, follow the below template to complete your assignment

Assignment 1 – Introductions of

VectorCal and Universal Drones Inc.

Students Name BUS 315 – Cost and Price Analysis Professors Name Date of Submission

Introduction of Companies:

Company Descriptions

· Describe your new company called Universal Drones Inc.

· Include in your description

· Why your company was formed

· Your company’ mission statement

· Your company’s vision statement

· Your company’s product

· An overview of your key personnel

· Your targeted client base.

· Describe VectorCal.

· Include in your description

· Why VectorCal was formed

· VectorCal’s mission statement

· VectorCal’s vision statement

· VectorCal’s product

· An overview of VectorCal key personnel

· VectorCal’s targeted client base.

Pricing Analysis Methods When Forecasting Government Expenses

· Critique the pricing method that VectorCal uses to forecast the prices of its products and services when contracting with the Government

· Discuss the types of pricing analysis methods (Comparison of proposed prices, Comparison of market prices, etc) that your company will consider when forecasting prices. Provide rationale(s) to support your reasoning.

Cost Considerations

· Discuss the following costs that your company, Universal Drones, Inc.s needs to adder during your first year of operations. Remember to provide a rationale for each of these costs

· semi-variable

· allocated,

· indirect costs

Conclusion

Summarize your findings

6

Sources

Note: Use at least three (3) quality resources in this assignment. Keep in Mind: Wikipedia and similar Websites do not qualify as quality resources.

1. Follow the Credit to Authors and Sources Guidelines found in the Strayer Writing Standards (SWS).