Ali spent much of his childhood playing and working in his mother and aunts antique shop. His interest, involvement, and love of antiques led him to attend a school of art and design. Upon graduation, Ali decided to start his own antique shop and is in the process of completing his business plan. What are the questions that you would pose to Ali in order to help him select the form of ownership for his antique shop? What suggestion can you make to help Ali improve his business plan.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question

Ali spent much of his childhood playing and working in his mother and aunts antique shop. His interest, involvement, and love of antiques led him to attend a school of art and design. Upon graduation, Ali decided to start his own antique shop and is in the process of completing his business plan.
What are the questions that you would pose to Ali in order to help him select the form of ownership for his antique shop? What suggestion can you make to help Ali improve his business plan.

Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Financial ratios
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.