You want to start a summer business to earn money. What will you do? You have to

consider how much money you can afford to invest in this business, how much it

will cost you to make each item, and how much you're going to charge for each

item. Research something that would be reasonable to make and sell with the startup

investment you have determined.

a. What is the total amount of money you are willing to invest in this business?

b. What item are you going to make and sell? Why?

c. Describe how your business will work. How much will it cost you to make

each item? How much will you sell each item for?

d. Do you think your business will be profitable? Explain your answer

Question

Mathematics

Cassius Richardson

29 January, 11:55

You want to start a summer business to earn money. What will you do? You have to

consider how much money you can afford to invest in this business, how much it

will cost you to make each item, and how much you're going to charge for each

item. Research something that would be reasonable to make and sell with the startup

investment you have determined.

a. What is the total amount of money you are willing to invest in this business?

b. What item are you going to make and sell? Why?

c. Describe how your business will work. How much will it cost you to make

each item? How much will you sell each item for?

d. Do you think your business will be profitable? Explain your answer

+4

Answers (1)

Know the Answer?

Aisha Durham · Answer 1

A: Around 100$ then it will grow.

B: Games / Consoles because you can buy them for cheap @ sales and some discount sites.

C: I would sell each item for the average selling price, but buy it for cheaper, so a PS4 which usually costs lets say 200$ and I bought if for 150$ I would sell for 200$.

D: It is reselling and making a bigger profit, as I earn more money I can invest into more items and resell them.