1. Show a sample business decision based on the company where you work, a small business you hope to own someday or just make something up - then identify, define and explain an incremental cost, opportunity cost and sunk cost. You will need to be somewhat creative in your response.
2. Imagine you are hoping to open a business - pick a business and then pick a location.In the context of chapter 8,what information would you need, how would you analyze it, and how would you make decisions.Again, some creativity is necessary for this question. Have fun with it!

Respond to this question with 5-7 meaningful sentences (or more - this one could be more!). Be sure you answer the question in the context of material in chapter 7. If you use outside references, please cite them.