Preview

Washburn Guitars Case Evaluation

Good Essays
Open Document
Open Document
631 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Washburn Guitars Case Evaluation
Washburn Guitars Case Evaluation
Micah Grover
There are a few factors that are likely to affect the demand for the lines of Washburn Guitars. Changing the price of the guitars that are sold would affect the demand for Washburn guitars that are bought by first-time guitar buyers. The demand for Washburn guitars will increase if they lower their prices. First-time guitar buyers want good value for the product that they are buying. Lowering the price would not have a significant effect on sophisticated musician buyers. Endorsements by internationally known musicians who use their guitars will increase demand by increasing customer awareness of their product. First-time guitar buyers will want to buy a Washburn guitar because one of their favorite musicians uses a Washburn guitar. These endorsements will make Washburn guitars a recognized brand name which will affect demand for first-time guitar buyers. Sophisticated musicians will also want to buy a Washburn guitar, if it is endorsed by a well-known musician, because they will think that it is a high quality guitar since it is being endorsed by amazing, popular musicians. These sophisticated musicians will want to buy signature guitars because of the prestige of the musician’s name. Another factor that would affect demand is Washburn guitars receiving great reviews. Customers will read these positive reviews in magazines and on the internet and they will want to go out and get a Washburn guitar for themselves. First-time guitar buyers will read these reviews and decide to get a Washburn guitar because they will trust its high quality. Sophisticated musicians who want a signature model will also go buy a Washburn guitar if they hear about how great the quality is. They will buy a Washburn guitar if they hear about how great the design of the guitar is and how amazing the sound quality is. Another important factor for first-time guitar buyers, is getting a reasonable resale value for the guitar, if they decide to quit

You May Also Find These Documents Helpful

  • Powerful Essays

    Swisher Mower Case Summary

    • 3362 Words
    • 14 Pages

    Problem In 1996, Swisher Mower and Machine Company (SMC) was faced with a situation which would have the biggest impact on its company since founder Max Swisher received his patent on the gearbox drive assembly. A certified letter from a major national retail merchandise chain outlined a proposal for a two-year contract to provide a private branding business agreement with SMC and its line of riding lawn mowers. In recent years, SMC?s sales and profit figures had reached a plateau far below its all time highest financial figures from 1966. This two-year contractual agreement would provide expanded production in new and existing markets along with the added incentive of broadened distribution in metropolitan areas for SMC. However, the contract…

    • 3362 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Washburn Case

    • 447 Words
    • 2 Pages

    1 What factors are most likely to affect the demand for the lines of Washburn guitars…

    • 447 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Waltham Motors Case

    • 863 Words
    • 4 Pages

    1. Using budget data, how many motors would have to be sold for Waltham Motors Division to break even?…

    • 863 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Case Study

    • 553 Words
    • 3 Pages

    Setting the guitar price at $349 for the new lines of company’s guitar is an example of moving along a demand curve. With the purchase of Parker guitar Washburn believes to reduce the production cost and eventually bring more buyers for the new line of guitars.…

    • 553 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Kingsford Charcoal Case

    • 2244 Words
    • 9 Pages

    Promotion – what was the best strategy to promote the Kingsford brand? Should Kingsford strive to increase overall grilling events, or just emphasize the Kingsford brand?…

    • 2244 Words
    • 9 Pages
    Better Essays
  • Better Essays

    • Alex Perez should choose Wah Shing and utilize their core competencies of manufacturing electronic toys.…

    • 1706 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Lancer Gallery Case

    • 467 Words
    • 2 Pages

    Lancer Gallery LLC is a company that sells South American and African artifacts, jewelry, and pottery. They originated as a trading post in the early 1900s and are now one of the most famous dealers in southwestern artifacts. They are headquartered at Phoenix, Arizona and distribute their product throughout the United States. In 2001 Lancer decided to expand their product lines by making replicas of authentic artifacts. Finally, Lancer is doing quite well financially, with gross sales of $35 million with an increase of 20% per year.…

    • 467 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Tanglewood Stores Case

    • 720 Words
    • 3 Pages

    Tanglewood Stores is an institution that focuses on providing core values and employee participation. In order to provide an effective organization at all levels, an institution needs to look at all levels and provide adequate analysis on labor requirements/acquisition, available positions, and be able to project requirements and future position availabilities. Additionally, what is more important is ensuring that an employee or future employee is matched to the job they are qualified for. According to Heneman III, Judge, Kammeyer-Mueller…

    • 720 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The given margins of the two products as indicated in the reports submitted by the accounting department for the drums and mountain bike frames should not be used in the decision of which product to make. This is due to the following reasons:…

    • 748 Words
    • 3 Pages
    Powerful Essays
  • Better Essays

    Kingsford Charcoal Case

    • 2439 Words
    • 10 Pages

    Strengths Kingsford is considered the top brand in charcoal and consumer studies show that Kingsford is perceived as a better product (60%) whereas only 13% for private labels. This is a benefit to Kingsford in value building of the organization and beneficial information that can be used to increase their value communication in advertisements, prices, promotion and production. With the largest market share in charcoal sales, Kingsford’s market share in the first half of 2000 was 56.1% and in the second half of 2000 market share was 59.1% due in part to price increases by its competitors Royal Oak…

    • 2439 Words
    • 10 Pages
    Better Essays
  • Better Essays

    Kingsford Charcoal Case

    • 1523 Words
    • 7 Pages

    Grilling is engraved in American culture as well as a highly seasonal activity. Kingsford Charcoal is in the business of selling charcoal for grills. Even though Kingsford increased its market share in 2000, their forecast indicates they will not reach the initial revenue mark. With the charcoal market’s growth slowing, and the gas grill market gaining market share, Kingsford needs to revise its strategy, and their marketing mix to meet original expectations for itself and Clorox. The following report will identity the issues Kingsford faces in the market place and recommend actions to take to resolve these problems. First we will examine Kingsford’s core competencies, as well as internal strengths and weaknesses. Then we will have to identity threats and opportunities as well as external forces, buyer behaviors, and our target market. The report will closely examine the internal and external environment, along with the marketing mix, as well as future opportunities that are presented to Kingsford.…

    • 1523 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Tanglewood Store case 1

    • 1255 Words
    • 5 Pages

    In my opinion, Tanglewood Store should choose Hire Yourself. There’s no need in using outsource because the organization itself will be the one to recruit and select employees. It will lower the expenses of the organization because they don’t have to acquire certain person to help them in decision making in hiring employees. They have their own bases on how to acquire people; recommendations are provided to the store like advertising for new recruits through internet based strategy.…

    • 1255 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Baldwin Bicycle Case

    • 759 Words
    • 4 Pages

    Baldwin currently has about an 8% ROE, which is well below the industry average of 15%. By accepting the offer and using a 50% tax rate the ROE is estimated to be around 13%, which is significantly better but still below the 15% industry average.…

    • 759 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Giberson is a skilled glassblower whose business is a bit confusing.他的作品几乎每天都在他的工作室,他的产品卖得相当好。 He works in his studio almost every day, and his products are popular and unique.他正在考虑扩大自己的产品线,或自定义,一种订单,客户要求他做,在过去,但他却没有这样做还。他目前生产的纸镇,玻璃杯,图案的眼镜和花瓶。 He currently produces paperweights, tumblers, patterned glasses and vases. 他正在考虑扩大自己的产品线,或自定义,一种订单,客户要求他做,在过去,但他却没有这样做还。 He is considering expanding his product line, or taking on custom work (one of kind orders) as customers have asked him to do this in the past, but he has not done so as yet. 平均而言,他至少有一两个星期积压的订单。Because of the product cost mess he has no order in management.…

    • 998 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Islington Golf Club Case

    • 2585 Words
    • 11 Pages

    The golf industry is a competitive industry. It is especially competitive for Islington Golf Club. Islington has a lot of competition, 30 other courses within a 30 minute drive from Toronto and several located within 5-10 minutes. Many of the courses located close to Islington Golf Club have recently undergone renovations or have more amenities to offer members. These factors make it hard for Islington to get new members because they do not have the extra money for renovations and upgrades.…

    • 2585 Words
    • 11 Pages
    Powerful Essays