Question

Explain in detail your dream business. What is the name of your business? What would you sell? Where is your business located? What is your role in your business? Do you have any employees? If so, what are their job titles and their responsibilities? What other businesses would be considered your competition? Who will your customers be? How will people know about your business?

Part 2: Select one product your business will be selling. List all the items you would need to buy in order sell this product. Using the list you created, conduct research on how much money each item on your list costs. (Make sure to include the cost of each item in your discussion response.) Determine how much this one product will cost you to make.

Part 3: Determine what some of your fixed costs will be for your business. (Fixed costs are constant costs a business pays regardless of how much it produces.) Write an equation for your costs.

Answer 1

My dream is to open a jewellery shop..The name of the business Asmitha Jewellery.I would sell Diamond, Gold and silver jewellery.My business is located in rajmundry.I would be Chairman of the company.My company have employees which include CEO, Managers,executive mangers,floor manager,workers,staff and helping staff.They work together with each other to improve company.CEO maintains the company working.Managers are in charge of employees.Executive managers hire and maintain the personal decisions.Other jewellery companies will be my competition.My costumers will be people who are buying the ornaments.Using internet and family connections will help me by giving information to people.

2)I will select a gold ring.I will have to buy raw gold and other metals should be added to it in small quantities so the shape will be present.I would have to hire gold Smith and tax to the government.It will take 126 dollar to make a ring along with all prices which include salary for workers.

3)Making charges will be fixed in my company because ornaments price changes everyday.

Raw gold+copper+gold Smith salary+appliances+Making charges+maintance charges.