1. Imagine that you are organizing a function levent. For example, Dance party, Movie show, etc. You can brainstorm ideas. (1 mark) 2. Work on your idea and list down the costs which are involved in running this show both variable and fixed (2 marks). 3. Decide upon the approximate revenue you would generate from this activity. (2marks) 3. Finalize the price of the tickets you are going to sell. How did you decide on the price? What is the breakeven point? (3marks) 4. Going further decide on how much profit you want to earn from this event. (1mark) 5. Now calculate how many tickets you need to sell to achieve your targeted profit. (1mark)