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Develop and present a unit price

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Reference no: EM132451930

Project overview:

  • The purpose of the group course project is to report on a possible new business venture and to use your managerial accounting thought to provide evidence/support for your decision.
  • In groups of 3-4 peers, develop an idea for a new business venture. The business venture should be realistic and of interest to the group. To provide support for the development of the new business idea, your group will assess the business environment, provide an evaluation of the product's cost strategy. Your group presents a financial performance overview for the first 3 years of operation, and evaluate the profitability of this investment.

Project Objectives:

Question 1: Perform an external analysis of the industry, competition, and potential consumers.

Question 2: Analyze the strengths, weaknesses, opportunities, and threats (SWOT analysis) of the proposed business venture.

Question 3: Develop and present a unit price and cost analysis on product offerings.

Question 4: Budget three years of financial statements, including 1st year monthly cash budget, 3-year income statement, and balance sheet.

Reference no: EM132451930

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