Assignment-2 Please go through the Case and answer the questions that follows. (Length of each answer should not be less then 200 words except for the Answer 1) Putting AutoZone into Drive Joseph \"Pitt " Hyde III, 70, knew nothing about cars. But after turning his grandfather's company, Malone & Hyde, into the nation's thit'dIatgest wholesale food distributor, he gured there was money to be made under the hood. Tooting [ow evetyday prices (a strategy he learned front serving on the board of Walmart). he founded AutoZone, which is now the nation's largest retail auto parts chain.... I was born in Memphis and grew up here. My grandfather started Malone & Hyde, a wholesale food distributor, in [907. He ran it, my father ran it, and I ran it. From the time I was 4 or 5, my grandfather would take me to visit the stores, and my father always discussed the big decisions being made with me. I was always told that I had the opportunity to run Malone & Hyde, and the obligation to do it better than my grandfather and father did. I never knew I had a choice.. .. After I graduated from the University of North Carolina with an economics degree, my father grew ill. So, in 1968, at 26, I had to take over. It was the ultimate baptism by re. Most of the people reporting to me were twice my age. That year, we had $240 million in sales. Fortunately, I was able to continue to grow the company. In the mid-19703 I had concerns about the long-term outlook and looked for areas to diversify into. We had a successful drug chain [called Super D] and felt comfortable with specialty retailing. So, when this small company, Checker Auto Parts in Phoenix, came up for sale, I checked it out. I saw how it was growing with auto parts geared to the do-it-yourself market. We passed, and Lucky Supermarkets bought it. We started looking at chains like Pep Boys. a\" . '. a}; ;