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ASSINGMENT:
A couple of entrepreneurial business students at State University decided to put their education into practice. They founded a tutoring company for university business students. While private tutoring was offered, the business students determined group tutoring was most beneficial, especially for students taking tests in the large statistics classes offered at the University. The business students rented a room close to campus-it cost $300 for three hours. They developed handouts based on past tests, and these handouts (including color graphs) each cost $5. The tutor was paid $25 per hour, or a total of $75 for each tutoring session.
(a) If students are charged $20 to attend the session, how many students must enroll for the company to break-even?
(b) A somewhat smaller room is available for $200 for three hours, and the business students are considering this possibility. How would this affect the break-even point?
The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.
Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..
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