Scenario- Using the key Cost Volume Profit (CVP) Formula (profit = revenue - costs), come up with a simple product that you will make/ fabricate/put together a product and sell at the local Farmers Market and other upcoming vending outlets you choose. You want to take a trip to Hawaii next Summer 2025 with your friends. You need $2000 in 15 months to achieve your goal . You currently have $300 to invest in your new product. You have a job but that pays for your basic necessities. You see that there is a huge market for ?????? (Holidays, Special Days, Community Events, etc). Direction: Write your idea and proposal using the (CVP) (profit = revenue - costs) with at least 250 words. It must have the following breakdown: Please explain: 1. What your product will be 2. What you paid (COGS) for the items 3. What is your gross profit after each sale 4. What do you intend to sell and how often must you sell to reach your $2000 goal? How will you maintain your goal 5. Display at least two profit=revenue-cost formulas for your item. Be sure to break down your prices. 6. You must also use 1 diagram. This is supposed to be fun!! 2024-02-27 14:10:39