Discuss this activity in a group and note the answers.
John and Rebecca Moalisi have decided to start their own business. They are going to make and sell hot dogs in front of a busy shopping centre. Their monthly costs (expenses) will be approximately R700 to buy bread rolls and viennas. They aim to sell 600 hot dogs per month. One hot dog will cost them 50c to prepare and they’ll sell them for R2.50. Is their business going to be profitable or not? Use the following formula for your calculation: Profit = Margin x Volume – Expenses
Explain costs in terms of a business.
How does a business generate revenue?
How can you cut back on your personal expenses in order to save some money?
This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.
Grading can be reviewed and adjusted.
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