Questions:1. If you were a friend of Sammy, what would you tell him? Explain.2. Is Sammy’s situation hopeless? Why and why not? Justify your answer.3. What did Sammy miss regarding his business plan? Be specific and explain. Case Study: Sammy's Motor Repair ShopAt age 26, Samuel Bugarin established his motor repair shop along the highway, one kilometer away from the commercial district of his town. He holds a degree in MechanicalEngineering and just after graduation, he started working as an apprentice in his uncle's repair shop. He prodded his uncle to expand his business, but his advice was not heeded. Hethinks that the motor repair business is growing steadily. He noticed that the new car models are operated with electronic systems installed in them. Sammy believes that repair andmaintenance of the new car models cannot be served adequately by repair shops existing in the area. Sammy immersed himself into learning the care and maintenance of electronicinstallations in cars. He also acquired the skills necessary for maintaining efficient performance of cars. When he thought he already possessed the required training, he decided tobecome a motor repair shop entrepreneur. Sammy gathered relevant information he thought would be necessary in the preparation of a business plan. He considered hiring at leastfive experienced mechanics. He started constructing the building where his office and service facilities will be housed. He made sure that customers can contact him through thetelephone he installed in his office. In addition, he maintains a handy phone so he can serve those whose cars get stalled somewhere. Sammy stuck to his business plan and businesswas very encouraging during the first three years. On the fourth year of his operation, a new motor repair shop opened just across the highway from his shop. It was inevitable thatsome of his customers would move over to his new competitor. Sammy did not anticipate the threat now confronting his business. He was already entertaining the idea of putting upanother shop at the other end of the commercial district. But now, it seems that his dream of opening another shop is slowly drifting away. With entry of the competitor, he isbeginning to lose faith in the usefulness of a business plan. He is apprehensive and he wants quick advice.

With the advancement in technology, even in the automobile industry, vehicles these days are…

Questions: 1. If you were a friend of Sammy, what would you tell him? Explain. 2. Is Sammy’s situation hopeless? Why and why not? Justify your answer. 3. What did Sammy miss regarding his business plan? Be specific and explain.

Questions: 1. If you were a friend of Sammy, what would you tell him? Explain. 2. Is Sammy’s situation hopeless? Why and why not? Justify your answer. 3. What did Sammy miss regarding his business plan? Be specific and explain.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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