Click here to load reader
Upload
chuays
View
367
Download
1
Embed Size (px)
DESCRIPTION
2 different design of prototypesCost of production for these prototype.Target marketSurvey finding
Citation preview
Magic Umbrella Cover
Presented by the guardians
Prototype 1
Prototype 2
Cost of production
No umbrella manufacturers in Singapore because…• Cost of labor is too high• Cost of materials is too high• Market size is too small
Cost breakdown
Our estimation for the retail price:
$1 material$0.5 printing$1.5 workmanship$7 umbrella (from Giordano)
Total $10
Maintain a good, high-class imageDon’t mind spending more
Survey
Survey Results
Would rain negatively affect or spoil your shopping or holiday experience?
Would be willing to pay for a limousine (~$50) or taxi (~$20-30) service on a rainy day?
Would you expect the hotel to provide a good, complimentary umbrella?