Create Budgets for a Single Product for each of the Months in an Upcoming Quarter: Case Study Assignment, UoF, Canada
|University||University of Fredericton (UoF) - Canada|
In this case, you will create budgets for a single product for each of the months in an upcoming quarter.
Select a product that you could purchase in large quantities (e.g. at a warehouse sale or bulk store) and repackage into smaller quantities to offer for sale at a sidewalk café, event, flea market, or other similar venues.
Choose a selling price for the smaller (repackaged) items.
Make reasonable assumptions about how many of the smaller units you can sell in each of the next four months (you will need the fourth month’s sales in units for the operating budgets).
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