in week 11, we had a group meeting. In this meeting we discussed the income that we were looking to make. We identified all our fixed cost and variable costs in the budget e.g. fixed - tickets, decor. Variable - staff, convention e.g. entertainment, gifts, off-site events.
We also discussed costs which might become semi fixed, in other words, we might have to make extra provisions e.g. furniture, cutlery.
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