Merrythought is a business that makes teddy bears, located in Ironbridge, Shropshire, in the United Kingdom. The business was founded years ago by Gordon Holmes. It is a private limited company, still owned by the Holmes family and is currently run by Gordon Holmes’s great-granddaughter Sarah Holmes.The business has approximately 25 employees and does all its manufacturing in England. It makes a large number of different styles of teddy bears, ranging from “traditional British bears, to special occasion bears and various “ novelty’ bears.A. Identify and define the type of business the Holmes family is conducting. Justify your answerB. List its advantages and disadvantages.
Merrythought is a business that makes teddy bears, located in Ironbridge, Shropshire, in the United Kingdom. The business was founded years ago by Gordon Holmes. It is a private limited company, still owned by the Holmes family and is currently run by Gordon Holmes’s great-granddaughter Sarah Holmes.The business has approximately 25 employees and does all its manufacturing in England. It makes a large number of different styles of teddy bears, ranging from “traditional British bears, to special occasion bears and various “ novelty’ bears.A. Identify and define the type of business the Holmes family is conducting. Justify your answerB. List its advantages and disadvantages.
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...
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Merrythought is a business that makes teddy bears, located in Ironbridge, Shropshire, in the
United Kingdom. The business was founded years ago by Gordon Holmes. It is a private
limited company, still owned by the Holmes family and is currently run by Gordon Holmes’s
great-granddaughter Sarah Holmes.
The business has approximately 25 employees and does all its manufacturing in England. It
makes a large number of different styles of teddy bears, ranging from “traditional British
bears, to special occasion bears and various “ novelty’ bears.
A. Identify and define the type of business the Holmes family is conducting. Justify
your answer
B. List its advantages and disadvantages.
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