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Question: Sammy owns a franchise for a GAC (Great American Cookie). He is excited to start his store and make some money as a side hustle. As an owner, he is keeping a keen eye on his costs. It shows that he used $ 4000 for all the raw materials for making the cookies. The raw materials costs included machines/ovens, ingredients, and labor costs. For the franchise, he had a pay a fixed license fee, which cost him about $1500. In Sammy's first year of business, his finances showed that he ended up with making only $ 4200 He has come to you as a Managerial economic expert and asks for your advice if he should continue to be in business. What is your advice to Sammy with regard to his cookie business?
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