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

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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