Reference no: EM13726555
LEMONADE STAND
Background: As you have read about in our lecture, we have used a lemonade stand to help us understand some basic concepts of business. As we pointed out, a lemonade stand has a simple business structure; yet, it can help us understand almost every function of a firm; such as marketing, operations, finance, technology, entrepreneurship and many other aspects. In our two assignments in this course, you will own and operate your very own lemonade stand as you apply the knowledge you have learned from the course.
Scenario: You have decided to open a lemonade stand in your local neighborhood. You have grand plans for this stand and expect to attract many customers. In part I of this assignment, you will develop the basic premise of your new company. Please answer the following questions, utilizing the textbook, to ensure you apply the lesson we have learned in the previous weeks.
- Develop a creative name for your Lemonade Stand, and then explain why a name is important when you are considering branding options?
- Create a Mission Statement for your Lemonade Stand; then explain why a mission statement is important for any company?
- You are very involved in your community; please outlineyour CSR plan for your business.
- The textbook lists many different types of pricing strategies, please pick one of these and explain how you will deliver on this strategy with your stand.
- Even though you only sell to local customers, you understand that you could package your lemonade and sell it online globally. Evaluate whether or not the company should go global by creating an online presence and selling your lemonade online.
|
Observe an increase in total revenue
: Retail outlets operate in which of the following market structures - If a monopoly firm observes an increase in total revenue following a price increase, which of the following must be true?
|
|
What are some ways you can motivate your employees
: Employee training. You have hired several people to run your lemonade stand, as you simply are too involved in the strategic aspects of the business. As such, you have seen sales drop. What are some ways you can motivate your employees to improve ..
|
|
How american work to secure their places in social hierarchy
: How did your chosen group African American work to secure their places in the social and political hierarchy. Why was the last half of the 1800s a time of conflict over the meanings of citizenship in relation to race, ethnicity, and gender?
|
|
Create a new website
: Create a new Website, Add the PlanetWrox.mdf into App_Data of your website, Save the new solution under the same folder as the website.
|
|
Develop a creative name for your lemonade stand
: Background: As you have read about in our lecture, we have used a lemonade stand to help us understand some basic concepts of business. Develop a creative name for your Lemonade Stand, and then explain why a name is important when you are ..
|
|
Find national trade data
: Find National Trade Data - Determine the trade balance between the U.S. and China for the most recent five year period.
|
|
Managing different organizational environments
: Managing Different Organizational Environments-Compare and contrast two (2) management theories. Next, determine one (1) management theory that you support over the others
|
|
Why the focus in interest rates and unemployment
: Why the focus in interest rates and unemployment and why can they keep the interest rates low? How do bond purchases tie in with the interest rates?
|
|
Explain the different elements of popular culture
: A critical analysis serves as a way for you to examine the different elements of popular culture discussed in this course. For your final written assignment, discuss the media forms you have written about for your previous course portfolio essays.
|