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Real-Life Activities

Real-Life Decision Making -- Solution

You open an art gallery.

You open during the fall and the tourist season leads into the holiday shopping season. Sales are brisk and you feel confident you made the right decision.

You add to your stock, overextending yourself slightly, but you feel confident you can continue to sell at the same pace.

Then in January, your traffic and sales drop sharply and you aren't sure you can pay the rent.

"Selling artwork alone is a very capital-intensive kind of business and has many ups and downs," says framer James Miller.