Create an imaginary company with a product that can be manufactured and sold
Keep it a simple product. Don't pick something with many parts.
You will be describing the making and selling of the product.
You can do this by yourself or in a group of 2 or 3 - No more than 3
Think through the following:
Where will you make it - what costs are involved - materials, labor, rent, etc.
Who will make it. How long will it take. What equipment will you need?
Who do you sell to? How will you get it to your customers?
Will you need to rent a place to sell? Who will get paid to sell?
Sales commissions? Delivery costs, travel costs?
Can you make money?
7	Determine a price to sell - try it out using cost price volume
8	Determine breakeven sales numbers
9	Create a contribution margin income statement CVP