Introduction to Business
Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Chapter 5.1, Problem 3CC

What are some major factors that motivate entrepreneurs to start businesses?

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Objective:  An international client hired your firm to invest$30 million in an industry in a foreign country. assess the viability of investing in theAI Industry in China. research that industry and country andDetermine whether this is a good opportunity or not. In an effort to do so,  submit a reportand presentation to the board of directors in your company. give a description of the industry selected for this purpose using Porter’sFive Forces Model.Part I: Country Research: CHina Industry AI technology6. Legal Environment (legal system, business law, membership in international organizations suchas the U.N., etc.)7. Cultural Environment (Cultural dimensions, culture profile)8. Current Events (discuss the most recent events that involved the country and its impact locallyand internationally)Part II: Industry Research: Porter’s Five Forces Model: applied to the city level. Students need to explain as much aspossible about each one of the 5 forces. In regards to competitors, after…
Maharaj Garage & Car Supplies sells a variety of automobile cleaning gadgets including a variety of hand vacuums. The business began the first quarter (January to March) of 2024 with 20 (Mash up Dirt) deep clean, cordless vacuums at a total cost of $126,800. During the quarter, the business completed the following transactions relating to the "Mash up Dirt" brand. January 8 January 31 February 4 February 10 February 28 March 4 March 10 March 31 March 31 105 vacuums were purchased at a cost of $6,022 each. In addition, the business paid a freight charge of $518 cash on each vacuum to have the inventory shipped from the point of purchase to their warehouse. The sales for January were 85 vacuums which yielded total sales revenue of $768,400. (25 of these units were sold on account to Mandys Cleaning Supplies, a longstanding customer) A new batch of 65 vacuums was purchased at a total cost of $449,800 8 of the vacuums purchased on February 4 were returned to the supplier, as they were…
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