Reference no: EM132839418

1) Stacey is the owner of a small bookshop called, "Page Turners". There are also 2 other small bookshops not too far away from her store. She started to think about competition and how it might impact her business. The business space next to her store recently became available for rent. She is now considering renting that place to make it into a small café, attached to her bookstore to help boost her business. Her business would become a bookstore and coffee shop.

a) Considering the concept of competition, describe the type of competition her business is in and how do you know what competition it is

b) Take a position on whether competition is good or bad and explain why it is good or bad based on her situation. Give reasons to back up both good and bad aspects to competition as applied to "Page Turners".

c) Considering Porter's Five Forces, describe what it is, and why Stacey might consider using Porter's Five Forces to help her make a decision on if she should open up a café or not

2) A Canadian economics paper talked about how multinational corporations are these huge companies that go into economic systems and take over local businesses and cause more harm than good.

a) Evaluate this statement. Do you agree or disagree with it and why

b) Describe what is a multinational corporation and based on your assessment of part a), explain your positive or negative impressions of how multinationals can affect an economy

c) Describe what is GNP and provide an example of a multinational corporation and how it relates to the concept of GNP.

3)It is very common in Canada to receive a call from someone saying they are from a well known company and they ask if you would like to change your phone and internet services. They might call you a few times and make some offers that sound pretty good. The intention is to get you interested and then they might try and sell you a more expensive product or charge you hidden fees that are in a lengthy contract that you just sign, but maybe have not read carefully.

a) Do you believe this to be ethical or unethical? explain your position -

b) Using ethics or corporate social responsibility that we discussed in our lecture and in the textbook, provide and define concepts and apply relevant aspects of these concepts to the practice described above

4)"Re-Capture" is a recycling company that collects disposed computers and electronics. They are able to extract the precious metals used in the machinery and this can be quite valuable. Currently, they are a private corporation and have achieved considerable success and are now considering becoming a public corporation.

a) What do we mean by private corporation

b) Share your thoughts on whether Re-Capture should go a public or not and explain why

c) Select 2 areas of the business model canvas and apply only these two areas to "Re-Capture"