In: Accounting
Question 4: Mr. Rashid is the owner of Rashid Furniture, SAOG, a newly established furniture company in Oman. He is personally designing his products. Mr. Rashid was previously the chief designer for Ikea Middle East. He has a marketing team that is responsible for marketing his product inside and outside Oman. His products are sofas cabinets, beds, and tables.
a. Based on the case above, how would you price the unique design products?
b. How would you distribute your products inside and outside Oman? Discuss your answer based on different types of pricing and distribution alternatives. Justify your answer with suitable example.