Techno Bins The number of people who are concerned about keeping their environme

Question

Techno Bins The number of people who are concerned about keeping their environment clean and safe for their future generations is increasing because of the effects of global warming. This increase has a created a gap in the market as a result of increased demand for dustbins. The product will be called techno bins which are used to collect dirt in offices, schools and even homes. The cost of setting up the business will be $40,000. Out of the money, $30,000 will be used to procure the first batch of the bins from the manufacturers. Office space and furniture will be bought using $800. Lastly the remaining $ 9,200 will be used for marketing and advertisement. The product will be advertised through radio shows, television and through the social media. The company will hire bloggers who will create a social media buzz about the product to increase consumer awareness of the product in the market. The company will spend a lot of money in advertising the product because its success in the market depends on it. The company will not incur costs of paying employees because the proprietor will manage it alone during its initial stages. The marketing strategy adopted for the product will target various institutions such as schools, hospitals, offices, and homes. The institutions have been singled out because of the number of people who use them on a daily basis. This means they have a lot of litter to dispose of and therefore the bins will help the institutions keep their environment clean. Additionally, dustbins are normally popular with such large institutions; therefore, techno bins will offer them a cheaper option as compared to the expensive ones they have been using. what is the price of trash dumpsters? there are 3 types of dumpsters 8 yard ,16 yard for company, resturant, and mall, 24 yard for big company ? what are the prices ? estemation doesnt to have to be from websit

Explanation / Answer

The information given as the cost of setting up the business will be $40,000, out of the money, $30,000 will be used to procure the first batch of the bins from the manufacturers. So, the estimation price of the trash dumpsters should not be less than this budget. The price of the dumpsters will vary either according to the capacity of the dumpsters or the demand and supply of the type of dumpsters. As we have 3 types of dumpsters are available that are:

It may be dependent on the decision of seller that at what price he/she wants to keep for the product. As the business is small so the cost of managing the future expenses should be retain with the business in order to meet the liability of the business. All the factors should be kept in mind before deciding.

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