You are instructed to advise John on his duties to the company.
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John Smith has been appointed as director of Luxury Furnishings Ltd. – a company
manufacturing and supplying luxury furnishings to home stores, hotels, restaurants
etc. You are instructed to advise John on his duties to the company.
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- Juan is an entrepreneur who is starting a new business, and he knows that those first years of the company are essential to long-term success and growth. However, he is not clear about the challenges ahead of him. Therefore, Juan needs your advice in identifying at least ten challenges. Your guidance consists of listing and describing ten challenges and explaining how he can avoid them.All Greens is a franchise store that sells house plants and lawn and garden supplies. Although All Greens is a franchise, each store is owned and managed by private individuals. Some friends have asked you to go into business with them to open a new All Greens store in the suburbs of San Diego. The national franchise headquarters sent you the following information at your request. These data are about 27 All Greens stores in California. Each of the 27 stores has been doing very well, and you would like to use the information to help set up your own new store. The variables for which we have data are detailed below. x1 = annual net sales, in thousands of dollarsx2 = number of square feet of floor display in store, in thousands of square feetx3 = value of store inventory, in thousands of dollarsx4 = amount spent on local advertising, in thousands of dollarsx5 = size of sales district, in thousands of familiesx6 = number of competing or similar stores in sales district A sales district…Company 4 - Arnn Hook TalesCrochet artist Apurva Thampi makes plush toys and collectibles out of yarn. (arnnhooktales.com). Ms Thampi's grandmother tried to introduce her to crochet in her younger days, but she did not take to the craft until late 2018, when she was scrolling through “Pinterest” - the photo-sharing platform popular with crafters and designers - and discovered the Japanese art of amigurumi, which means "crocheted or knitted stuffed doll". She was pregnant with her daughter, who is now three, and she wanted to crochet something for her. The idea of creating stuffed toys from crochet was fascinating. Up to that point, she had a very limited idea of what things could be made using crochet. She began Yarn N Hook Tales in January 2021 after practising on her own projects, watching YouTube videos, and helping other crochet artists refine their amigurumi designs. Rates for her crochet commissions start at $50 and can go up to $140, with each taking an estimated three to four…
- Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation. Subchapter S Closely-held ProfessionalJim’s boss asked him to investigate why the sales last quarter were low. Jim interviewed one of the sales managers about the problem, and she complained that the new people didn’t know how to sell. Jim then wrote a report in which he identified that new people’s deficient skills as the problem and recommended that more training be provided for them. Do you find Jim’s report acceptable? What would you have done differently if you were Jim?For the first 50 years of business, the Johnson Carpet Company produced carpets for residential use. The salesforce was structured geographically. In the past five years, a large percentage of carpet sales have been to industrial users, hospitals, schools, and architects. The company also has broadened its product line to include area rugs, Oriental carpets, and wall-to-wall carpeting. Is the present salesforce structure appropriate, or would you recommend an alternative?
- Garrett is trying to decide on a nonprofit organization to which he'd like to donate a portion of his recent holiday bonus. Reading up on organizations, which of the following descriptions fit the type of organization for which he is looking? (Select all that apply.) Check All That Apply "Our primary goal is to increase the fulfillment of our members." "Our primary goal is to increase our revenues." "Our primary goal is to increase our market power." "Our primary goal is to serve our community's needs."Match each business model type with the correct description. Remember to select a different business model type for each description. Business model type Product business model Multisided business model Solution business model Matchmaking business model Description A company controls a platform where sellers and buyers exchange products or services. A product or service is designed according to specifics defined by each customer. A product or service is offered to customers. A company provides different products and services to different groups of clients who gain some benefit from the existence of the other group of clients.Please answer in 200 words or more. Part 1: Your friend is considering opening their own business and has asked you for some advice. Please share your knowledge to help them build a successful business. Part 2: Provide (two) advantages and (two) disadvantages for each of the following: I. Sole Proprietorship II. Partnership III. Corporation 3. Lastly, identify which format your friend should select for their business. Be sure the answer refers to the specific product and or service industry and connects to the information you provided in Part II above.
- Which of the following statements are CORRECT? I. The strategic goal of any organisation should be to achieve and maintain a competitive advantage. II. Strategic entrepreneurship is the combination of entrepreneurial opportunity seeking and strategic advantage seeking. III. An entrepreneurial culture encourages risk taking and neglects entrepreneurial capabilities. IV. An entrepreneurial culture comes from the encouragement of entrepreneurial leadership. The primary purpose of IPRs is not only the protection of property from authorised use, but also to enable the owners of an innovative creation to allow their usage through a licensing fee. Select one: True False Which of the following statements correctly define 'Disruptive Innovation'? a. Disruptive innovation refers to the process in which a new market is created that also destabilises an existing market. b. Disruptive innovation is a service that benefits one or more segments of the community or society,…All Greens is a franchise store that sells house plants and lawn and garden supplies. Although All Greens is a franchise, each store is owned and managed by private individuals. Some friends have asked you to go into business with them to open a new All Greens store in the suburbs of San Diego. The national franchise headquarters sent you the following information at your request. These data are about 27 All Greens stores in California. Each of the 27 stores has been doing very well, and you would like to use the information to help set up your own new store. The variables for which we have data are detailed below. x1 = annual net sales, in thousands of dollarsx2 = number of square feet of floor display in store, in thousands of square feetx3 = value of store inventory, in thousands of dollarsx4 = amount spent on local advertising, in thousands of dollarsx5 = size of sales district, in thousands of familiesx6 = number of competing or similar stores in sales district A sales district…Why does a partnership require a partnership agreement? ➢ Identify some of the critical features of a partnership agreement.
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