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2. Assume that you would start a business of having a hot dog truck at KPU Surrey campus. a. Identify and list your foxed costs

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2. Assume that you would start a business of having a hot dog truck at KPU Surrey campus. a. Identify and list your foxed costs (FC) and then identify your monthly fixed cost to run a hot dog stand? (Provide realistic cost for each item) for running a hot dog truck) ( 3 points) b. Identify the variable cost (VC) to make a hot dog? (Provide realistic cost) Hint: First identify things involved to make hotdog and then calculate the cost per hot dog (3 points) c. Identify your pricing strategy to sell hot dogs and explain the reason for selecting this strategy? (3 points) d. Decide on a selling price for your hot dog (consider you have only one size) (2) e. Based on your selling price, what is your markup? What is markup percentage? (2) f. What is your monthly break-even quantity and your break-even point in dollars value per month? (Do a Break-even analysis) (5) g. What should be your dally average break even sales quantify (assume you are open 20 days per month) (2) h. What are things you could do to lower your break-even sales quantity? (3) 1. What are things you could do to ensure you meet your break-even point as quickly as possible? (3) 1. Identify some of your pull strategies in promoting your product? (4)

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