Answered: What went wrong with the business?

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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Activity 2 Directions: Read the story carefully. Analyze the business. Then answer the questions at the end of the story. Anne and Cherry are friends since high school. Anne is good in baking and Cherry is good in selling. To increase their income, they decided to put up an online business of bakery products. They contributed 10,000 each to start the business and decided to split the profit equally as business partners. The friends agreed that Anne will be in charge of the production while Cherry will be in charge of the online site for taking marketing and promotion. Cherry started taking orders while Anne is busy on baking products. The business started to get big orders from their regular clients and other who visited their online site. After one year of operation, while Cherry continue with her regular work Anne as in-charge of the production, started getting sick and advised to rest. Now, Anne can no longer continue baking for their business. 1. What went wrong with the business?

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