Apple

BUSINESS REPORT

This following report will be on Market Day 2011 at St Scholastica’s College and will discuss the business ‘Crazy Crystals’. The product being sold at market day is jelly cups, lamington crackles, sherbet, lucky dips & tree of life bracelets. The report will discuss:

* Business structure

* Organisational structure

* Finances

* Marketing

* Risk Management

All of these aspects will be discussed in the following report.

1. The Business Opportunity

The name of the business that we are running is named ‘Crazy Crystals’. The product that is being sold at market day are:

* Jelly cups

* Lamington crackles

* Sherbet

* Lucky dips

* Tree of life bracelets

The vision for the business is to satisfy our customers with our food & make profit.

2. Organisational structure

The business ‘Crazy Crystals’ is a partnership business. A partnership business is a business usually owned & operated by between 2 o& 20 people, called partners. The partners share their profits & loses, usually equally. Together they decide how best to operate the business. Partnership was chosen because all the people in the business were partners, contributing equally so receiving equal profits with equal responsibility.

3. Finances

Each partner in the company had to contribute money to make the products to sell on the Market Day. The total cost for the ingredients was $90, so each person had to contribute $30 each. The cost of the products for Market Day is:

* Jelly cups: $2

* Lamington crackles: $2

* Sherbet: $1.50

* Lucky dips: $2

* Bracelets: $2

With all the products that will be being sold on the day, the expected profit is at least $100 - $150.

4. Marketing

Due to ‘Crazy Crystals’ selling playful party food, the target market for the business is young children, aged from 5-10 years of age. That target market was chosen because the food that is being sold is most suitable for...