1 discussion and 2 respond.
For the Module 2 Discussion, you will assume the role of an entrepreneur. You will create a fictional organization and consider some costing concepts as you create it.
First, compose a full paragraph that describes the organization. Be sure to include the name of your company, the product(s) or service(s) that it provides, and who your intended customer base would be. Think strategically about what you can offer that a customer base would see as valuable, and what basic business model would help you to be most profitable.
Once you have outlined the company and its goals, please consider and answer the following questions:
Identify at least one fixed and one variable cost you will have in producing your product(s) or service(s).
Identify at least one potential sunk cost.
Identify a potential relevant cost decision you would have to make and explain which aspects of the decision might be relevant and which ones would not be relevant.
Explain how opportunity costs could apply to one or more of your products and/or services.
Your initial posting should be between 200 to 400 words and use a minimum of two sources (one of which may be the textbook). Cite your sources using APA format (a tutorial is provided in the class tutorials section of the course).
Additionally, you will need to respond to two classmatesÃ¢â‚¬â„¢ posts. In these responses, you are to offer substantive comments, feedback, detailed questions, and/or provide examples that further the discussion. It is not sufficient to simply agree with or compliment a classmate’s post. Each response should be between 100 to 200 words with a minimum of one source (other than the textbook) per response. Cite your sources using APA format.
The word count range is just a guide as to how many words are needed to give a complete answer. There is no penalty for surpassing the range unless you egregiously exceed the upper limit. For example, you write 1500 words when the upper limit is 500. We want to allow the Academic Coaches to evaluate your answers and provide feedback in a timely manner.