EEE 370 Lecture Notes - Lecture 8: Variable Cost
4 Nov 2015
School
Department
Course
Professor
Document Summary
Remember: spring break hw 35 things on a bug-me list , typed up. This wednesday: interview of an entrepreneur due (handed in typed in class and turned in electronically on blackboard) Ruins your chances of financial assistance and further investment. To be efficient, they have high turnover rates. However, they have some serious faa violations: overall financial health of the firm. ***many start-ups fail due to poor financial management. Components of the economic model (r. o. m. v: margins. Fixed costs: set costs, not dependent on what you sell. Costs needed at the beginning of a venture to get it running. Many of these costs depreciate or amortize as time goes on. Often investment is only needed at the start; these are one-time costs. (cid:0) start-up cost examples: Contribution margin (profit margin: selling price variable cost of what you are producing, portion of each dollar left after price of good is paid for, ex.
