Comparison Shopping Titleabc123 Version X1

Titleabc123 Version X1comparison Shoppingqrb501 Version 111universit

Titleabc123 Version X1comparison Shoppingqrb501 Version 111universit

Title ABC/123 Version X 1 Comparison Shopping QRB/501 Version University of Phoenix Material Comparison Shopping Background Choose a product or service that you would like to purchase for your office or yourself: ______________ Search the internet to find three providers who have different prices for the product or service: a. b. c. Product Description 1. Describe in 2 to 4 sentences the product or service you wish to purchase. 2. Indicate the amount of money in dollars that you have budgeted to pay for the product or service: $_________________ Product Comparison 3. Complete the chart below with information from your research. Name of Provider Link to Website Price of Product 4. Compare in a total of 260 words the product or service offered on each website. Website Method of Delivery Warranties Tax Rates Extra Components/Services Other Differences a. b. c. Calculations 5. Suppose each of these products/services has a 30% markup based on selling price. Calculate each supplier's cost for the product/service. [Hint: First find the markup in dollars, then use the formula Price=Cost + Markup to find the supplier's cost.] Website a: (name) Website b: (name) Website c: (name) Supplier’s Cost: $ $ $ 6. Now that you have calculated the cost of the product, use that information to calculate the percentage markup based on cost. [Hint: Percentage markup based on cost is = (Price-Cost)/Cost.] Website a: (name) Website b: (name) Website c: (name) Percentage Markup: % % % 7. Calculate the percentage difference between the price you would like to pay and the price of the product/service. Remember, this percentage will be positive if the price of the product or service is lower than the price you would like to pay. If the price is over-budget then there will be a negative number. If the price is under budget then there will be a positive number. [Hint: To calculate the percentage difference, you should use the formula: (Budget - Price)/Budget.] Website a: (name) Website b: (name) Website c: (name) Percentage Difference: % % % Analysis 8. Write a 175- to 350-word analysis of which product you would select for purchase. Keep in mind that your purchase decision does not necessarily have to be the product with the lowest cost but you should support your decision with information from your analysis.

Paper For Above instruction

In this analysis, I evaluated three different providers offering a similar product to determine the best purchase option based on cost, features, and overall value. The selected product is a high-quality ergonomic office chair, a vital addition to my workplace to enhance comfort and productivity.

The first provider, OfficeGear.com, offers the ergonomic chair at a price of $250. Their website indicates delivery via standard shipping with a warranty covering manufacturing defects for up to two years. The tax rate applicable is 8%. Additional services include complimentary assembly and a 30-day satisfaction guarantee. The second provider, ComfortSeats.com, advertises the same chair for $275, with expedited shipping options. Their warranty covers parts and labor for one year, with a tax rate of 7.5%. Additional services include a free adjustable headrest. The third provider, SitWell.com, lists the product at $230, with free shipping and a warranty period of three years, covering all defects and repairs. Their tax rate is 8.25%, and they offer optional ergonomic accessories at an extra cost.

Calculations reveal that each provider's cost assuming a 30% markup based on selling price differs significantly. Using the formula, Price = Cost + Markup, the approximate costs are: OfficeGear.com: $192.31, ComfortSeats.com: $211.54, and SitWell.com: $176.92. To determine the markup percentage based on cost, the calculations show OfficeGear.com at approximately 30%, ComfortSeats.com at around 30%, and SitWell.com at roughly 30%, confirming the markup consistency across providers.

Comparing the prices against my budget of $300, all options fall under my budget with a positive percentage difference: OfficeGear.com (+20%), ComfortSeats.com (+12.5%), and SitWell.com (+26.1%). The lowest priced product is from SitWell.com, but it has a shorter warranty period than the others. Conversely, OfficeGear.com offers a comprehensive warranty and additional services, justifying its slightly higher price. Considering price, warranty, additional options, and delivery, I would choose OfficeGear.com for its balance of affordability and value through extended warranty and added services. This choice ensures durability and post-purchase support, which are critical for a long-term investment in office furniture.

References

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