Question: Mary Lynn Schroeder (Case 8.1) 1. In this weeks lectures, we emphasized the importance of developing good spending and cost-cutting habits. In what ways does

Mary Lynn Schroeder (Case 8.1)

1. In this weeks lectures, we emphasized the importance of developing good spending and cost-cutting habits. In what ways does May Lynn Schroeder illustrate good spending and cost-cutting habits? Give specific examples.

2. Do you think the case suggests that Schroders early strategy of spending less and living inexpensively (which I discussed in this week's lecture) is a good or bad strategy long term? Can the strategy be effective even after a small business has been around for several years? Explain your answer.

(No more than 100 words, please)

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