Question: Please answer these questions using business model Q1: You just graduated from business school and you would like to start your own business instead of

Please answer these questions using business model

Q1: You just graduated from business school and you would like to start your own business instead of getting a job at another company. You really love the food industry and are considering many options

Explain the benefits and disadvantages for each of the following options (Make sure to answer through the perspective of each of the below and not just pros and cons for each structure in general)

a) Opening up your own berry farm and being apart of a farm cooperative (explain pros and cons of being apart of the cooperative not the farm)

b) Buying a franchise food company

c) Buying a restaurant that is going out of business

d) Starting a restaurant business through a partnership with your friend

e) Creating your own line of sauces to sell to grocery stores through a corporation structure

Q2:

Outdoor Camping Co is a Canadian camping gear company based in British Columbia that sells tents, lanterns, outdoor stoves and all other supplies to go camping. They have a strong local demand because of their high quality products and are considering selling their products abroad in Switzerland and Iran

a) Identify what are some things that Outdoor Camping Company should consider before they sell their products to each of these countries. Explain why or why you wouldnt advise them to sell to each of these countries with considerations discussed in the book

b) If they were to sell abroad which form or structure of international business should Outdoor Camping Co engage in to sell their camping equipment and why

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!