Business emphasis

Assignment Help Microeconomics
Reference no: EM13741598

Assume that you and two friends are debating whether to open an automotive and service retail chain that will be called Auto-Mart. Initially, Auto-Mart will open three stores locally, but the business plan anticipates going nationwide within 5 years.

Currently, you and your future business partners are debating whether to focus Auto-Mart on a "do-it-yourself" or "do-it-for-me" business. A do-it-yourself business emphasizes the sale of retail auto parts that customers will use themselves to repair and service their cars. A do-it- for-me business emphasizes the offering of maintenance and service for customers.

Address the following questions:

  • Should Auto-Mart implement a do-it-yourself or do-it-for-me business emphasis? Support your selection with analysis and details.
  • List the advantages and disadvantages of each emphasis and arrive at a conclusion as to which emphasis to implement.
  • Provide examples of a real-world business that uses a do-it- yourself or do-it-for-me business emphasis? In your opinion, which is most profitable?

Reference no: EM13741598

Questions Cloud

What are my short-term career goals : What are my short-term career goals? To obtain a degree, so my children can reach higher then me. What are my long-term career goals? administrator for a long term care facility
Interview with a doctor : Interview with a doctor-prepare at least 20 questions to ask the doctor about, -Before your interview, write a minimum one page on why you are choosing to become a doctor (letter of intent)
Utilize the meta-analysis procedure : Find TWO peer-reviewed articles that provide examples of studies that utilize the meta-analysis procedure and that were not already discussed by a classmate(s) for this week''s forum discussion. In your own words (i.e., no direct quotes!), briefly de..
What would be the benefits of human cloning : You will be writing a paper on cloning. What would be the benefits of human cloning? Explain your views on the subject matter. Why are you for or against cloning? Explain
Business emphasis : Should Auto-Mart implement a do-it-yourself or do-it-for-me business emphasis? Support your selection with analysis and details.
Write a book review of the book karen king : Write a Book review of the book Karen King. The Gospel of Mary of Magdala. Polebridge Press , 2003. Paying special attention to these instructions "Identify author's thesis/argument.
What is bitcoins : You will be talking about thing like "What is bitcoins? What are the risks of bitcoins? what are bitcoins used for? how to invest in bitcoins? volatility of price of bitcoin? etc."
Who can fit this into a chromosome topic : Who Can Fit This Into A Chromosome Topic, Summarize the article in one (1) or more paragraphs, using your own words
Cash inflows and cash outflows : Question 1: For most people, the first obstacle is to correctly assess their true net income. Question 2: Salary or wages are the only cash inflows for working people.

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the golden rule of profit maximization

What is the golden rule of profit maximization? Explain why the rule maximizes profits. Why are economic profits zero all along a long-run supply curve in perfect competition?

  Identify the factors affecting production and costs

Identify the factors affecting production and costs in the short run to determine which single factor has the greatest impact on the widest variety of companies. Provide specific examples to support your response.

  What is the economic profit that all firms earn

In what condition will a perfectly competitive firm that incurs economic losses choose to produce rather than shut down in the short run? Why will the firm do so (c) Should a firm produce at an output level at which long-run average cost is minimiz..

  Recognize three types of competition that most firms

a identify three types of competition that most firms encounter other than competition from other firms in their

  To screen out the low productivity employees

A firm faces two kinds of employees those able to sell 10 units per year, and those able to sell 5 units per year. High productivity employees are willing to work for $100 per year while low productivity employees are willing to work for only $50 per..

  Question 1consider a market with the following supply qs

question 1consider a market with the following supply qs and demand qd curvesqd 200-2pqs25at the market equilibrium

  This implies a flat lm-curve

If the demand for money becomes more insensitive to changes in the interest rate, equilibrium in the money sector will have to be restored mostly through changes in income. This implies a flat LM-curve.” Comment on this statement.

  Define inflation

At the end of the year, you discover that the catch was low and that fish prices had increased to $5.00 per pound, but fruit prices stayed at $1.50 and meat prices had actually fallen to $2.00.

  How does disease impact our production or health

What are the two components of the medical care price index? How does disease impact our "production" or health? How does our consumption of goods impact our production of health? What is the impact of education on our health production function?

  Main element typically included in to make cost analysis

Which of the following is a main element typically included in a "to make" cost analysis?

  A decrease in the real wealth of the average household

A decrease in the real wealth of the average household will cause the consumption function to shift

  What is the new equilibrium quantity and price

What is the new equilibrium price and what is the new equilibrium quantity, how many bags were oranges being overproduced before?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd