Answer the following questions using the information below:
Southwestern College is planning to hold a fundraising banquet at one of the local country clubs. It has two options for the banquet:
Southwestern College has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band which will cost another $800. Tickets are expected to be $30 per person. Local business supporters will donate any other items required for the event.
-Which option provides the least amount of risk?
Definitions:
Organizational Buyers
Entities such as businesses, governments, and institutions that purchase goods and services for organizational use, not for personal consumption.
Industrial Market
The market for goods and services that are purchased for use in the production of other products or for resale within industries and businesses.
Mining Companies
Businesses involved in the extraction of minerals, metals, and other geological materials from the earth, which are then used in a variety of industries and products.
Legal Services
Professional services provided by lawyers or legal practitioners related to the law.
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