150 words minimum.Go to the U.S. Small Business Administration website and search for “break-even point” at http://www.sba.gov/Then answer the questions posed:Why is it important for a business to
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150 words minimum.
Go to the U.S. Small Business Administration website and search for “break-even point” at
http://www.sba.gov/
Then answer the questions posed:
-
Why is it important for a business to know their break-even point? Cite an example and support your answer with your rationale.
-
How long should a business be prepared to survive financially if they do not make a profit? (Support your answer with references.)
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What resources could Tim, the shop’s owner in the simulation, use if he needs to gain access to more funds to operate his business in the near future?