Question
The VA-TX Company is going to present a newproduct in SantaClara,California. In this event,VA-TX will present a seminar with a coffee break. The auditorium's capacity
The VA-TX Company is going to present a newproduct in SantaClara,California. In this event,VA-TX will present a seminar with a coffee break. The auditorium's capacity is 500 people. The cost of renting the place is $4000/day, utilities included. Moreover, the cost of the food and drinks is $5 per person. After some other experiences, the company knows that 50% of the audience buys its product, which is priced at $75. Is Santa Clara a profitable place to hold this kind of campaign?
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
