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Author Question: Quentin produces highly specialized widgets at his factory. He sells them for 150 each and has a ... (Read 114 times)

Capo

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on: Jul 6, 2018
Quentin produces highly specialized widgets at his factory. He sells them for 150 each and has a gross profit of 100 on each one.
 
  His monthly costs are: 5,000 for rent, 1,000 for utilities, 13,000 for salaries and benefits, 1,000 for insurance, 3,000 for interest on his debt. How many widgets does he have to sell to cover his fixed costs?
  A) 230
  B) 2,300
  C) 23,000
  D) 3,500

Question 2

Discuss the significance of the management section of the business plan and what it should contain.
 
  What will be an ideal response?
Entrepreneurship and Small Business Management ¦ Mariotti, Glackin ¦ 2nd Edition
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ricroger

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Reply #1 on: Jul 6, 2018
Answer to Question 1

A

Answer to Question 2

This section talks about the people behind the venture. The management team is often the deciding factor for a potential investor's decision to financially support a business. The idea is that, with all other things being equal, a strong management team will be successful in a business and a weak one will fail. This section contains the backgrounds of the key people and the organizational chart.


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