10 Nov My fictionalbridal shop is called Gina bridal shop
My fictionalbridal shop is called Gina bridal shop. Our amazing team will be dedicated to help guide each and every bride to the dress of their dreams. Customer service is our number one priority from the minute you walk through the door until the minute you say I do. The options ofdresses are limitless with our gown selection. Our inventories is made up of gowns ranging from size 6-32. We have wonderful selection of plus size wedding gowns from every designer in our lineup and the prices are very affordable.The fixed cost is a cost that does not vary in the short run with a specified activity (Atkinson, Kaplan, Matsumura & Young, 2012). For my bridal shop, the fixed cost will be the rent. I will accept credit card payment. When accepting credit cards, a small percentage of each sale goes to the bank or processor for facilitating the transaction, this will be a variable cost since the amount I pay in merchant fees depends on the sale.Potential sunk cost will be a bride placing an order for the dress and never return back to pickup the dress. Opportunity cost refers to a benefit that a person could have received, but gave up, to take another course of action. (Investopedia n.d.). Opportunity cost would be partnering with a vendor who specializes in floral arrangement and not doing so.ReferenceAtkinson, A. A., Kaplan, R. S., Matsumura, E. M., & Young, S. M. (2012). Management Accounting: Information for Decision-Making and Strategy Execution, 6e. Upper Saddle River, NJ: Pearson Prentice Hall.Investopedia (n.d.). Retrieved from http:Investopedia.com/terms/e/economicprofit.asp
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