Activity (Module 5)
Vocabulary: Expenses, Revenue, Profit= Total Revenue -Total Expenses, Price and Break Even Point
CHALLENGE:
You are a business consultant. You are to determine the best price to sell the following product for. It is a 'hand crafted' keychain made with genuine leather and a individual wooden bead with a protective coating. Keep in mind all expenses, (material, shipping, labour time) as well at the break even point. (how many do they have to sell).
Hint: you can search Google or Etsy for ideas from simlar products or Amazon or Michael's to get an idea on the cost of materials.
Now work through pages 15-19
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