1. In the Part I Review document, Review Section 8, Lesson 1: Business Opportunities information. Describe 3 trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) then explain how each one might generate a small business opportunity.

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented