Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Jonathan Lugar, 17, had just finished helping his mom with a garage sale when it occurred to him that he might create a business to do the same for others and make a little money for college. The idea was to offer a service that would take the headache out of running a garage sale. Lugar would handle all advertising and sale setup, and his experience with other garage sales in the area would allow him to coach sellers on pricing so that items would actually be purchased. He figured he could charge $200 per job for sales that bring in $400 or less, but he and the seller would split sales above $400 on a 50-50 basis. Lugar believes the greatest value added from his services would be from his pricing insights, since most people rarely have a garage sale and thus have little idea about how much to ask for items. Careful pricing would make his customers happy, since they could maximize their sales and minimize the risk that they would be left with the very items they were trying to get rid of. In fact, Lugar planned to keep track of how much things sold for to fine-tune his pricing advice. He estimates that his startup costs would be minimal and would come mostly from the use of his truck and some fuel.
1. How would you classify Lugar's startup idea? Is it a new market idea, a new technology idea, or a new benefit idea?
2. What was the source of Lugar's startup idea?
3. Would you recommend that he give this startup concept a try? Explain your reasoning.
Explain and show graphically why labor markets characterized by delayed supply responses may exhibit a cowed-shaped adjustment path to equilibrium?
Why is it important to make the connection between leadership concepts and theory to workplace practices?
How choosing the right cost structure allows an incumbent to commit to compete aggressively if a competitor enters.
Do you think that someday there could be an international set of norms where people would put their personal cultures aside and adopt an international culture for dealing within a global market?
While contracting with celebrities to endorse a company's brand adds to the competitive power of its product offering vis-a-vis the offerings of rivals
Located in New York and with a small starting branch in Johannesburg, Falls Engineering is a US$250 million chemical and materials operation employing.
How will you tailor your approach to each manager based on your knowledge of each of them? What do you feel will be the challenges faced by each manager in formulating and implementing a policy within a relatively short time line?
Your paper must use proper APA and must contain citations and references to all materials you access to help you with this paper.
Discuss how the following can support the review, updating & maintenance of the workplace systems & procedures relating to managing safety & hazards?
How do perfectly competitive firms adapt to market changes in the short run? What can perfectly competitive firms expect in the long run in terms of profits?
Assume the demand for wheat is relatively price inelastic. An increase in the supply of wheat will result in?
Describe the dynamics between dominant cultures and subcultures either in a work setting or in society
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd