Reference no: EM133150856
Question - You have just graduated from the MBA program from University Canada West (UCW) and are so excited about the upcoming graduation ceremony. Unfortunately, due to the current situation in the world, thankful to COVID-19, your aged parents and your siblings will not be able to come from overseas.
After several years of hard work and study at UCW, you feel very proud of yourself and more than ever ready to implement your business knowledge and your own ideas into practice. You are very confident that the knowledge your professors transferred to you, will be very useful and you cannot wait to put it in action.
You have always dreamed, even as a young kid, to have your own business, a business that will produce jellybean candies. You have been talking to your friends about your business idea and many of them did not understand why you have such a strong desire to become a manufacturer of jelly beans. The answer to their question brings you to your childhood where your parents told you that candies are not good for you and never bought you any. You had a very happy childhood full of books, toys, friends, however, not candies.
You feel now is the right time to think about your dream and to put it into action, and to open your own jellybean factory. Your destiny that you were dreaming about for so many years, could become a reality. However, you are aware that opening a business in Canada is easy but staying in business and being successful could be very challenging. You remember from your accounting and other business courses that sale is a very crucial factor and without sales and customers your business will not be able to survive for long. You decided to give it a try and start your jellybean business this year.
Required - What variable costs will incur once you start operations?
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