Describe the selected business

: The business must sell a single product that you purchase already manufactured or prepared and sold at a single price. There should only be one acquisition cost and one selling price. Examples of possible deals:

Sale of essential oils

Sale of costume jewelry

Sale of handicrafts

Sale of caps

Sale of ties

Straps sale

Sale of cell phone protectors

Flower sale

Any other product you chooseAt least one PARAGRAPH of more than 3 sentences describing the business is expected. You must provide as much information as necessary: product, suppliers, business hours, number of employees, target market of the product, demand, etc.

It is not enough to say that you are going to sell donuts.

2. Include a list of all fixed costs

A LIST is expected using the provided format (table).

This is an MBA course, I hope that as a future manager I will use the internet or her contacts to find reasonable and close to reality estimates, NOT a textbook.

This exercise is a simulation, the more real the estimates, the better the experience for you.

It is an information research question

3. Include a list of all variable costs

A LIST is expected using the provided format (table).

This is an MBA course, I hope that as a future manager I will use the internet or her contacts to find reasonable and close to reality estimates, NOT a textbook.

It is an information research question.

4. Calculate the breakeven point for the business, both in units and in dollars.

A formula is expected by computing both breakeven points.

We did this in the discussion on this topic with an exercise by a company called El Último Tramo.

It is an application question.

5. Describe the marketing strategies that will be used to make the business profitable.

This is an analysis question and at least one PARAGRAPH of more than 3 sentences describing how the business can be successful is expected. You must discuss strategies to promote the business.

cost

Estimated in $

Source used to estimate the cost

PROVEA: DIRECT LINK TO COST DATA

Fixed Costs (they must be presented in TOTAL terms for each item)

Fixed cost 1:

Fixed cost 2:

Fixed cost 3:

Fixed cost 4:

Variable Costs (they have to be presented in UNIT terms for each item, the unit is the product that you sell.

Variable cost 1

Variable cost 2:

Variable cost 3:

Variable cost 4:

PART 3: Given the fixed and variable costs you have identified, find the breakeven point for the business, both in units and in dollars

PART 4: Describe the marketing strategies that will be used to make the business profitable.