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Oliver And Penny Are Equal Partners In A Corner Store

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Oliver and Penny are equal partners in a corner store business, and have started looking into opportunities to expand their range of products. Their store is close to the local hospital, with many of their customers visiting patients at the hospital. Jessie, their son, works part-time in the business. Jessie considers there is a market for gifts baskets to be purchased from the store for those who are visiting the hospital, and decides to examine the feasibility of setting up his idea as a sideline to his parents business. In doing this he considers the fixed and variable costs and taxation implications to calculate the number of baskets he will need to sell in order to break even. In addition to this he also needs to consider an appropriate

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