Problem 1: Identify and describe 5 issues an entrepreneur should consider when deciding on locating the business at home and explain why.
Problem 2: A tile company sells boxes of tiles for $25.00 per box. Each box of tiles has a cost of $7 in labour and $8 in materials. The tile company has monthly rent of $4,500; monthly utilities of $500; and monthly salaries of $20,000. How many boxes of tiles must the company sell to break even?
Marks are given for the correct formula, input values, calculation, answer, and solution statement. Remember to show your work.
Identify and describe each of the five stages of the business cycle. (A half-mark is given for the name of the stage and a second half-mark for the description.