Reference no: EM13699532
Case Study:
Read the case study Running a Business:
Part 2: Graeter's: A Fourth-Generation Family Business
Using information from the written case and the video, thoroughly answer the following questions:
1. Graeter's began as a partnership between a husband and wife, and then the company was passed on to the sons. What advantages and disadvantages would Graeter's have experienced as a partnership?
Explain each. Currently, Graeter's is a closed corporation?
What are the advantages of being a closed corporation? Explain each.
2. Graeter's has recently hired management consultants to help improve its hiring and training processes and, especially, to assist in the continued expansion of its distribution chain. "I think my cousins and I all have come to realize we can't do it alone," says the CEO.
Why do you think the management team made this decision? Does bringing these outsiders into the firm make Graeter's less of a family company than it has been? Explain why or why not.
3. Do some additional Internet research on Graeter's. Based on your research and the definition of a small business in lesson 5, would Graeter's be considered a small business? Explain why or why not.
4. Why did Graeter's decide to stop franchising? Do you think Graeter's made the right decision to close its franchise operation? Explain why or why not.
|
Determine the elasticity of industrys labor demand curve
: What factors determine the elasticity of industry’s labor demand curve? Based on these factors, discuss labor demand for factory line workers versus labor demand for nurses, which one would be more elastic?
|
|
Economies of scale and diseconomies of scale
: Economies of scale and diseconomies of scale, what do these terms mean, when do they occur and how do they differ? Can you provide an example of economies and scale and dis-economies of scale.
|
|
Public policy against the enforcement of gambling contracts
: Are legalized forms of gambling, such as state-operated lotteries, consistent with a continuing public policy against the enforcement of gambling contracts? Why or why not? Please discuss and support your comments using legal reasoning and terminolog..
|
|
Employment and wages
: Suppose the US government requires firms to provide Workers Compensation Insurance Coverage for its employees. How does this mandate affect labor market outcomes (employment and wages) when workers’ valuation of Workers
|
|
Graeters-a fourth-generation family business
: Graeter's began as a partnership between a husband and wife, and then the company was passed on to the sons. What advantages and disadvantages would Graeter's have experienced as a partnership?
|
|
Discuss the impact of the minimum wage
: Discuss the impact of the minimum wage when there are two sectors in the economy, one is subjected to the minimum wage and the other is not.
|
|
What is the countrys unemployment rate
: In a country with a labor force of 200 people, a different group of 10 people becomes unemployed each month but becomes employed once again a month later. No others outside these groups are unemployed. A. What is the country’s unemployment rate? B. W..
|
|
The cost of paving a new multi-use trail
: The cost of paving a new multi-use trail is $1.7 million. Minor repairs and up-keep will cost $100,000 per year. Every 10 years the trail will need a major re-surfacing at a cost of $850,000. These costs will continue indefinitely.
|
|
Lead to simultaneous linear equations
: The Babylonians studied problems which lead to simultaneous linear equations and some of these are preserved in clay tablets which survive. For example a tablet dating from around 300 BC contains the following problem:-
|