Five students from Managerial Accounting”" set themselves up as a small business with the goal of raising money for the American Cancer Society by selling flowers. The students work included setting up a Partnership, Code of Ethics, Strategic Plan, Business Plan, Marketing Plan, Pricing and Credit Policies, Accounting Records and Financial Statements. Even though their competitors were supermarkets and florists, as well as other charities, they felt their product was unique because their customer/doner could make a contribution to a well respected charity and receive something in return flowers! The funds collected and donated to this organization will continue to help many patients long after the students volunteer work is finished, demonstrating a unique blending of community, business and legacy.
Website: http://www.raritanval.edu/departments/busadmin/index.htm
