Trident BUS530 Module 2 SLP Latest 2019 January Question # 00598372 Subject: Education Due on: 02/20/2019 Posted On: 02/20/2019 09:56 AM Tutorials: 1 Rating: 4.7/5
BUS530
Managerial Economics
Module 2
SLP
PRODUCTION AND COSTS
For Module 1, you did research on consumer demand and
pricing for your business idea. Continue
with the same business idea that you wrote about for Module 1, but now look at
the cost side of your business.
Do some research on various potential start-up expenses for
your business based on research on wages, office space rental rates, etc., in
your home town. More specifically, write
a three-page paper answering the following questions:
What do you think the main expenses will be for your
business? Make sure to discuss labor,
rent, equipment, and any other major expense you can think of.
Do some research on the internet or from your own personal
contacts to get a ballpark estimate of how much the specific expenses are in
your home town for the items that you listed in your answer to Question 1
above. You can use Craig’s List or
similar webpages to get an idea about wages for different positions that you
may need to hire for, and there are many webpages that have advertisements for
renting commercial property in different parts of the country.
Finally, break down your expenses into fixed plus variable
costs. Make sure to cite two of the
required background readings as justification for your classifications of your
different expenses into the fixed and variable cost categories.
SLP Assignment Expectations
Answer the assignment questions directly.
Stay focused on the precise assignment questions. Do not go
off on tangents or devote a lot of space to summarizing general background
materials.
Make sure to use reliable and credible sources as your
references. Articles published in established newspapers or business journals/magazines
are preferred. If you find articles on the Internet, make sure they are from a
credible source.
Reference your sources of information with both a
bibliography and in-text citations. See the Student Guide to Writing a
High-Quality Academic Paper, including pages 11- 14 on in-text citations.
Another resource is the “Writing Style Guide,” which is found under “My
Resources” in the TLC Portal.
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