Business 12th edition William M. Pride, Robert J. Hughes, Jack R. Kapoor - Solutions

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What decisions must an entrepreneur make when starting a small business?
What are the principal reasons for the high failure rate among small businesses?
What are the advantages of starting a small business? The disadvantages?
Which fields tend to attract entrepreneurs the most? Why?
What is one of the most common reasons people become entrepreneurs?
Why does it seem to be necessary for the owner(s) to be on the premises all the time?Can there be personality cults in small businesses? Is it possible for customers to create a personality cult around the owners of a business?Many small businesses begin as one‑person operations. Most small
Why do you think the new expanded restaurant did not succeed?What could the Morgans have done differently in their planning?The textbook points out that one of the problems with small businesses is the inability to cope with growth. The following lecture describes a small business expansion that is
Why do you think a simple concept such as a tablet case made from up-cycled material became successful?How were the ReFleece founders able to fund their start-up company? What risks did they accept to make their idea into a reality?How has the partnership with Patagonia likely affected ReFleece’s
What characteristics do fraudsters and successful entrepreneurs share?What are some major differences in the personalities of fraudsters and successful entrepreneurs?Why is a lack of empathy fairly common among fraudsters?There are surprising similarities in the characteristics of famous
What are some likely reasons that Chobani Yogurt has become such a success?Describe some of the challenges that Chobani is facing.Why is it such an issue when a major retailer drops a product from its shelves?Hamdi Ulukaya, the founder of Chobani Yogurt, made it into the billion-dollar venture it
What led The Walt Disney Company to believe that its theme parks would be successful internationally?What stumbling blocks did Disney encounter at the France and Hong Kong theme parks?What are some of the factors complicating international expansion for a brand like Disney? What can a multinational
Although NAFTA has been controversial, it has been a positive factor for U.S. firms desiring to engage in international business. What industries and specific companies have had the greatest potential for expanding into Canada and Mexico? What opportunities exist for small businesses that cannot
What effect does devaluation have on a nation’s currency? Can you think of a country that has devaluation or reevaluated its currency? What have been the results?
Distinguish between an absolute advantage and a comparative advantage. Cite an example of a country that has an absolute advantage and one with a comparative advantage.
If the United States were to impose additional tariffs on cars imported from Japan, what would happen to the price of Japanese cars sold in the United States? What would happen to the price of American cars? What action might Japan take to continue to compete in the U.S. automobile market?
Compare multinational and global strategies. Which is best? Under what circumstances might each be used?
Compare and contrast licensing, franchising, contract manufacturing, and outsourcing.
At what levels might a firm get involved in international business? What level requires the least commitment of resources? What level requires the most?
Explain how a counter trade agreement can be considered a trade promoter. How does the World Trade Organization encourage trade?
How do social and cultural differences create barriers to international trade? Can you think of any social or cultural barriers (other than those mentioned in this chapter) that might inhibit international business?
What is an import tariff? A quota? Dumping? How might a country use import tariffs and quotas to control its balance of trade and payments? Why can dumping result in the imposition of tariffs and quotas?
How do political issues affect international business?
What effect does a country’s economic development have on international business?
What are some of the skills required to be a successful businessperson in the borderless world of the 21st century?
What are the effects of a strong dollar for the United States?What are the effects of a relatively weak dollar for the United States?In the 1950s, it took 4.2 German marks to equal a dollar. At that same time, a dollar was worth more than 350 Japanese yen. At this writing, a dollar is worth about
What factors are leading to the increasing difficulty of management jobs?
Did the manager give mixed signals to his employees? Why?Managers need good human relations, or people, skills. They must be able to communicate goals, and they have to understand their employees’ needs so that they can motivate them to perform. Managers must also provide appropriate
Why are some characteristics traditionally associated as feminine considered important for leadership?Why might a lack of empathy create a significant disadvantage in leadership?Describe ways in which Oprah Winfrey and John Mackey of Whole Foods demonstrate strong leadership characteristics.In the
Describe some of the managerial skills that Ken Grossman possesses in successfully leading Sierra Nevada.How are the breweries increasing the firm’s sustainability?How does Ken Grossman motivate his employees?Sierra Nevada is now building another brewery in Mills River, North Carolina. This is a
What are the challenges middle managers commonly face?What are some good characteristics for effective middle managers to have?Why are the job functions of middle management important to organizational success?Middle managers are responsible for tactical planning and implementing top management’s
What is Sonic’s competitive advantage over other fast food franchises?What are the advantages of becoming a Sonic franchisee?What are the disadvantages of buying into the Sonic franchise?Sonic, the largest drive-in fast food chain in the United States, offers customers a dose of nostalgia with
List and discuss the arguments for and against social responsibility by business. Can you think of additional arguments (for or against)?
Why did the United States pass the Smoot-Hawley Act in 1930?What interest groups would be interested in passing similar legislation today?Other than tariff duties, what other trade restrictions could nations impose on the products of other nations?This textbook emphasizes that free and open trade
Why are suppliers finding the need to develop a global agreement improving worker safety conditions in Bangladesh?Describe some ways that IndustriALL will improve worker safety.Why are companies like Walmart and Gap developing their own supplier agreements?A fire at one Bangladesh factory killed
What are some of the problems China has faced due to pollution?Why does a rising middle class potentially threaten the environment?Describe some of the ways that the Chinese government is tackling the pollution issue.As a country that is home to much of the world’s industrial production, China
Why does Xiaomi appeal to the average Chinese consumer?Why might Xiaomi’s cool, hip image in China be tarnished if it goes global?Describe the barriers Xiaomi will likely face as it expands into the United States.Xiaomi, China’s hottest smartphone company, has established itself as an icon of
What are some of the reasons cited in the Arthur Page Society and the Business Roundtable Institute for Corporate Ethics Report for public distrust of corporations?What are some of the recommendations made by this report? Can you think of any other recommendations to give companies on how to behave
Find some examples of socially responsible businesses in newspapers or business journals. Explain why you believe their actions are socially responsible. Why do you think the companies chose to act as they did?
Discuss with your class some possible methods of improving ethical standards in business. Do you think that business should regulate its own activities or that the federal government should establish and enforce ethical standards? How do you think business people feel?
Discuss some recent examples of businesses engaging in unethical practices. Classify these practices as issues of conflict of interest, fairness and honesty, communications, or business relationships. Why do you think the businesses chose to behave unethically? What actions might the businesses
What are a business’s responsibilities toward the community in which it operates?
What responsibilities does business have with regard to the environment? What steps have been taken by some responsible businesses to minimize the negative impact of their activities on the environment?
What responsibilities does a business have toward its employees?
What is a code of ethics? How can one reduce unethical behavior in business?
What is an ethical issue? What are some of the ethical issues discussed in your text? Why are they ethical issues?
Why has ethics become so important in business?
Distinguish between ethics and social responsibility.
Define business ethics. Who determines whether a business activity is ethical? Is unethical conduct always illegal?
What has helped drive the increasing awareness of the importance of business ethics and social responsibility?
Why has recycling become more popular and widespread?What are some of the issues hindering businesses and organizations from offering further recycling services?What are some of the solutions companies are developing to help cut down on waste and to recycle more?In the United States, the amount of
Discuss some of the trade-offs of having lighter, more sustainable vehicles.Discuss any ethical issues you can identify in this scenario.Producing vehicles with materials such as aluminum, carbon fiber, and high-strength steel are decreasing the weight of vehicles by about 200 pounds, while still
How did Ralph Lauren violate the FCPA?Why did Ralph Lauren receive less severe penalties for the misconduct?How can the Ralph Lauren bribery case set a precedent for other firms when discovering misconduct?Ralph Lauren Corporation discovered that from 2005–2009, bribes were paid to customs and
Describe the ethical issue.What are some of the potential negative effects of triclosan?What impact could the FDA’s proposal have on soap manufacturers?The soap industry is a strong business within the United States, amounting to more than $5 billion in sales of soaps, shower products, and body
Why are consumers so willing to rent from Redbox? How was Redbox able to overcome some of its earliest challenges?What are some recommendations for ways that Redbox can maintain its high market share?Redbox is one of the top video rental firms in the United States, but its road to success has
Is the American economy currently expanding or contracting? Defend your answer with the latest statistics on GDP, inflation, unemployment, productivity, and so on. How is the federal government responding?
Why is it important for the government to measure the economy? What kinds of actions might it take to control the economy’s growth?
Discuss the economic changes occurring in Russia and Eastern European countries, which once operated as communist economic systems. Why are these changes occurring? What do you think the result will be?
Explain the federal government’s role in the American economy.
How did the Industrial Revolution influence the growth of the American economy? Why do we apply the term service economy to the United States today?
Why are fluctuations in the economy harmful?
List and define the various measures governments may use to gauge the state of their economies. If unemployment is high, will the growth of GDP be great or small?
List the four types of competitive environments and provide an example of a product of each environment.
Explain the terms supply, demand, equilibrium price, and competition. How do these forces interact in the American economy?
What are four types of economic systems? Can you provide an example of a country using each type?
Who are the main participants of business? What are the main activities? What other factors have an impact on the conduct of business in the United States?
Name the forms a product may take and give some examples of each.
What is the fundamental goal of business? Do all organizations share this goal?
Why is it important to seriously consider what kind of job you want to have, and how do you help keep it once you have been hired?
What does “knowing business” mean?How does “knowing the business” differ from “knowing business?”How can a manager utilize these two types of knowledge to be a success?Some people might argue about whether a quarterback or a wide receiver is more important to a football team. The
Do you feel the entry of a Walmart Supercenter in a small trade area (<200,000 population) is positive or negative for the quality of life in that area? Defend your answer after taking a positive or negative position.Which members of a community might typically oppose a Walmart Supercenter? What
Why might eco-friendly wood interior appeal to luxury car buyers?What impact could using these plant-based materials have on the reputations of luxury automakers?What are some benefits in using plant-based materials besides appealing to the luxury car buyer?Consumers of luxury cars prefer natural
Why does Swatch want to stop selling watch components?Why is the Swiss government reluctant to allow Swatch to stop supplying components to its competitors?Based on the large share of the watch movements and components industry that Swatch controls, which competitive environment do you think it
Why is competition important in a capitalist economy?Why do businesses need to focus on both primary competitors as well as newer entrants?How was Red Bull able to become a major competitor in an industry dominated by two main players?
About 40 people will lose their jobs when Burton closes its Burlington factory, and the company is working with the state of Vermont to provide them with help in finding new employment. How do you think the factory closing might affect the productivity of the remaining headquarters staff? What
As an investor, would you be willing to buy shares in Graeter's if it decided to go public through an IPO? Explain why the company's stock would or would not be a good investment for you.
One of the financing strategies Graeter's has not used is to sell common stock to the general public. Why would Graeter's hesitate to go public? Do you agree with its decision to use debt rather than equity financing?
What kinds of questions do you think Cincinnati officials asked Graeter's owners before agreeing to loan the company $10 million? Why would Graeter's go with this financing arrangement rather than borrowing from a bank to pay for the Bond Hill factory?
Determine if the company that made the product or provided the service is a public company that has issued stock (if not, another product must be chosen). Then use the Internet or go to the library to research the investment potential for this company. Finally, describe why you feel this would be a
Based on the information on your monthly credit card statements, what types of credit card purchases do you make?
Can you think of other companies that could use videos on a YouTube channel to share information that their customers could use?
Visit the YouTube channel for Turbo Tax (www.youtube.com/user/TurboTax/videos).Do you think social media is an effective method of obtaining the tax information you might need to prepare your taxes?
What do you think of Smucker's deal to spread $50 million in payments to Sara Lee over 10 years after paying $350 up front for the liquid coffee concentrate business? Explain your answer.
Why would Smucker prefer to issue more than $1 billion in bonds over 18 months, rather than issuing common or preferred stock?
Use the Internet to obtain information about how to prevent identity theft. Then, according to the professionals, describe the steps someone should take to protect his or her identity.
In addition to the many languages spoken throughout the islands, what other challenges do you think banks face in serving the financial needs of individuals and businesses in Hawaii? What are the implications for Bank of Hawaii?
How might Bank of Hawaii adjust its credit policies if the area experiences a sudden or dramatic economic downturn? Suggest at least two adjustments the bank should make when applying the five C's of credit in such a situation.
Do you agree with Bank of Hawaii's decision to open branches in stores while it continues to invest in new technology for electronic and mobile banking? Explain your answer.
Chase prides itself on its ability to know many of its business customers personally and to keep up-to-date on the industries in which they operate.Why would this familiarity be an advantage for the bank?
Can you think of any additional financial or banking services that banks could offer small-business owners?
If you were a small-business owner, would you take advantage of any of Chase's or another bank's small-business banking services? Why or why not?
The Federal Reserve and the Consumer Financial Protection Bureau are responsible for enforcing the Truth-in-Lending Act. How does this act affect you?
Would you like to work for a commercial bank like Umpqua, which serves consumers, small businesses, and corporations? Explain your answer.
Why would Umpqua go out of its way to make each branch a community hub?
Why do you think these money-management software packages have become so popular? Do you think either type of software package could help you manage your finances?
Today, personal finance and accounting software packages are used by millions of people. Based on your initial research, would you prefer to purchase Quicken software or use a free software package available from a bank or financial institution? Why?
What do you think of these rules? Do you agree or disagree? Why?
Imagine that Commodore has taken out a multimillion-dollar loan that must be repaid next year. How might the lender react if it learned that Commodore was using the book-and-hold method to make revenues look higher than they really are?
If you were in Rob's situation, would you agree to use the book-and-hold technique this month? Justify your decision.
Why would Commodore's auditor insist that Rob document any sales booked under the book-and-hold technique?
What are the ethical and legal implications of using accounting practices such as the book-and-hold technique to inflate corporate earnings?

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Business 12th edition William M. Pride, Robert J. Hughes, Jack R. Kapoor - Solutions

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