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Becca’s Bows . By: Rebecca Macareno Period 2. Becca’s Bows  . Commercial. http:// www.youtube.com/watch?v=Rx2xjzZ9oOY. Magazine Ad. Becca’s Bows Makes Life Better . Why bows?. Perfect competition vs. Oligopoly Too much food competition Produced a differentiated product

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becca s bows

Becca’s Bows

By: Rebecca Macareno

Period 2

commercial
Commercial
  • http://www.youtube.com/watch?v=Rx2xjzZ9oOY
magazine ad
Magazine Ad

Becca’s Bows Makes Life Better

why bows
Why bows?
  • Perfect competition vs. Oligopoly
    • Too much food competition
    • Produced a differentiated product
    • There wasn’t much bow competition
  • Making bows is fun
    • It wasn’t stressful making
  • Easy to sell to my consumers (girls)
    • I didn’t have to bug them to buy some
the bow s purpose
The Bow’s Purpose
  • Make girl’s hair fun 
    • In an inexpensive way
  • Make them more confident about their hair
  • Share the gift of bows
my goal
My Goal
  • I wanted to make back at least half of the money I spent on supplies (ribbon, hair ties, etc.)
  • I wanted to create a good credibility
    • My costumers create hype
    • My costumers become loyal
  • I wanted to have fun in the process 
demand schedule
Demand Schedule?
  • Pricing…
    • Not a lot of people were producing bows so I was able to create the price
    • If there was more competition, I would change the price
the cost
The Cost
  • 1 ½ wide & 12 ft long
  • Hot pink ribbon
  • 1 ½ wide & 9 feet long
  • Light pink ribbon
  • Pink thread
  • Needle
  • Hair bands
    • Total cost: $4
the labor
The labor
  • 8 minutes to..
    • Form the bow
    • Prepare thread and needle
    • Sow to the hair band
    • Do finishing touches
oligopoly
Oligopoly

Small number of sellers

Large amount of market power

Price maker

effect on the profit
Effect on the Profit
  • Since I was able to create the price..
    • My business was very cost-effective
    • Cost to produce bow $.15
    • Profit was $1.85 per bow
costumer reviews
Costumer Reviews
  • 95% costumer satisfaction
    • 1 mishap (a hair tie broke)
  • Most would recommend the bows to a friend
  • Most would buy bows again
sole proprietor
Sole Proprietor

Advantages

Disadvantages

Unlimited liability

Responsible for all the business’s losses

I had to do all the labor

  • One person in charge (Me)
  • Easy to manage
  • Did not have to share profit with partners
why not another business organization
Why not another business organization?
  • Partnership “Bands and Bows”
    • My partners did not put in work
    • I created all my bows
    • They did not create their headbands
    • I wanted all the profit
  • I decided to leave them
success or failure
Success or Failure?
  • Success..
    • It cost $0.15 for each bow plus 8 minutes
    • Profit of $1.85 per bow sold
    • I did not have to share profit
    • It was lots of fun
real world
Real World?
  • I would compete in a monopolistic competition..
    • Hire more workers
    • Increase the supply of needed material
    • Make normal bows and specialize in holiday bows
do you want a bow
Do you want a bow? 
  • Catch me around school
    • What type of bow?
    • Color?
    • Size?
    • By when?
    • Cost? $2
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