Reason: The aim of this assignment is to familiarize you with the many costs of producing and to put collectively writing a first payment letter.
Talents: This assignment will help improve your conversation and first payment writing abilities and realize the many rapid flee costs of producing.
Files: This assignment will sharpen your determining of the many economic costs of producing, the variation between accounting and economic costs, as neatly because the ideas of diminishing marginal returns and economies of scale.
Job: Please draft the following knowledge trusty into a formal, first payment letter that you just’re sending to your boss or to your local venture capitalist to envision out and convince them to invest in your industry. Mediate Shark TankLinks to an exterior space. for those that dangle gotten watched that program. You might perhaps consult with the Purdue Writing LabLinks to an exterior space. for a sample industry letter. Put your letter on Letterhead (you are going to bring collectively a method to discovering letterhead templates in Microsoft Be conscious and I’m sure Google Office has them, too).
Mediate of a industry you are going to bring collectively a method to be attracted to starting and present the following in the body of your letter to the Sharks (venture capitalists) (deem the venture capitalist is conscious of nothing about industry or economics):
1. What affirm sources (land, labor, capital, entrepreneurship) you are going to wish to assemble to operate this industry. 2. Show cloak the variation between explicit and implicit costs and which of your sources are implicit costs. 3. Show cloak the variation between mounted and variable costs for this industry. 4. Show cloak which of the sources you’d like are mounted and which will be variable sources. 5. Show cloak how this industry might perhaps perhaps perhaps skills diminishing marginal returns in the rapid flee. 6. Show cloak whether or not the industry will skills economies of scale.
Requirements for Success
· Form the assignment as a first payment letter on letterhead.
· Encompass salutations, date, recipient take care of, etc.
· Web sure your assignment just isn’t lower than one net page (250+ words long) and comprises detailed explanations and examples.
· Utilize full sentences.
· Utilize first payment grammar and punctuation– undergo in mind, you are seeking to persuade somebody to invest in your industry.
· Preserve a long way flung from “textual bid material” or “twitter discuss” when corresponding.
· Esteem it up by the usage of letterhead and manufacture it look as first payment and visually appealing as doable.
· Attain your like work in the category. The usage of AI (collectively with Grammarly) or cheating websites just isn’t allowed on this path. Students suspected of tutorial dishonesty will assemble a discover of zero on this assignment.
· Web sure to cite any open air sources you make employ of to full this assignment.
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