The Success Story behind the National Bookstore  Socorro Ramos entered the publishing and retail industry by working as a  salesgirl at a bookstore. At the age of 19, she opened National Book Store in  Escolta, Manila with her husband with a capital of only P 200.00, selling books  and school supplies to students.  At that time, Manila was under Japanese occupation who imposed censorship  on books and periodicals. To augment their earnings, she and her husband  resorted to selling other items like candles and soaps.  After the post-war boom, the Ramoses opened a nine-story building along  Avenida which made their bookstore more profitable.  At 95, she still believes in the time-honored tradition of “hands-on approach”  in business. She even designed the company’s logo herself.  May this success story of Nanay Coring give inspiration and encouragement  to all. You need someone like her that will serve as a model to bring out the  best in yourselves to survive the crisis brought by COVID-19 pandemic. All  good things are blessings from the Almighty God and granted to anyone whom  He loves at His pleasure.  Source:  https://www.businessinquirer.net  Questions: What form of business organization did they put up?  Aside from being hands-on in your own business, what else do you think  is/are the key characteristic/s of the owner/s of National Bookstore in their  business success?

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
icon
Related questions
Question
100%

The Success Story behind the National Bookstore 

Socorro Ramos entered the publishing and retail industry by working as a  salesgirl at a bookstore. At the age of 19, she opened National Book Store in  Escolta, Manila with her husband with a capital of only P 200.00, selling books  and school supplies to students. 

At that time, Manila was under Japanese occupation who imposed censorship  on books and periodicals. To augment their earnings, she and her husband  resorted to selling other items like candles and soaps. 

After the post-war boom, the Ramoses opened a nine-story building along  Avenida which made their bookstore more profitable. 

At 95, she still believes in the time-honored tradition of “hands-on approach”  in business. She even designed the company’s logo herself. 

May this success story of Nanay Coring give inspiration and encouragement  to all. You need someone like her that will serve as a model to bring out the  best in yourselves to survive the crisis brought by COVID-19 pandemic. All  good things are blessings from the Almighty God and granted to anyone whom  He loves at His pleasure. 

Source: 

https://www.businessinquirer.net 

Questions:

  1. What form of business organization did they put up? 
  2. Aside from being hands-on in your own business, what else do you think  is/are the key characteristic/s of the owner/s of National Bookstore in their  business success? 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Business trends
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON