
I need the answer for numbers 3,4,5 please.
Hazal had woded for the same Fortune 500 company for almost 15 years. Although the company had gone through some tough times, things were starting to tara ascund Customer orders wece up, and quality and productivity had impeorad dramatically from what they had been only a few years earlier due to a company wide quality improvement program. So it came as a real shock to Hazel and about 400 of her coworkers when they were suddenly terminated following the new CEO's decision to downside the company After recovering from the initial shock, Hazel tried to find employment lewere. Despite ber forts, after eight months of searching she was so closer to finding a job than the day she started. Her fandt were being depleted and she was getting more discouraged. There was one bright spot though: She was able to bring in a little money by moving lawns for her neighbors. She got involved quite by chance when she heard one neighbor remark that now that his children were on their own, nobody was around to cut the grant Almost jokingls, Hazel asked him how much be'd be willing to pay: Soon Hazel was moving the laws of the neighbors. Other neighbors wanted her to work on their lawns, but she didn't feel that the could spare any more time from bar job search Howrs, as the rejection Setters began to pile up, Hasel knew she had to make a decision On a sun Tonday morning the decided les many others in a similar situation, to go into business for herself-taking care of neighborhood laws. She was reliured to give up the areas of job manting, and she was excited about the prospect of being her own bous. But she was also fearted of being completely on her own. Nevertheless, Hazel was determined to make a go of it. At first, business was a little slow, but once people realized Hazel was available, may asked her to take care of their lawn. Some people were simply glad to turn the work over to her, others switched from professional lawn care service. By the end of the first year in business, Hazel kew the could earn a living this way: She also performed other services such as fertilising low, weeding garden. and trimming shrubbery. Business became so good that Hazel hired two paritime workers to assist her andere thes, the believed the could expand further if she wanted to 1. What competitive advantage does Hazel have over a professional lawn care service? 2. Hazel would like to increase her profits, but she doesn't believe it would be wise to raise her prices considering the current state of the local economy. Instead, she has given some thought to increasing productivity. a. Explain how increased productivity could be an alternative to increased prices. 6. What are some ways that Hazel could increase productivity? 3. Hazel is thinking about the purchase of new equipment. One would be power sidewalk edgers. She believes edgers will lead to an increase in productivity. Another would be a chain saw, which would be used for tree pruning. What tradeoffs should she consider in her analysis! 4. Hazel has been fairly successful in her neighborhood, and now wants to expand to other neighborhoods, including some that are five miles away. What would be the advantages and disadvantages of doing this? 5. Hazel does not have a mission statement or a set of objectives. Take one of the following positions and defend it: a. Hazel doesn't need a formal mission statement and objectives. Many small businesses don't have them She definitely needs a mission statement and a set of objectives. They would be extremely beneficial. c. There may be some benefit to Hazel's business, and she should consider developing one