You're a third-year business management student and always had a dream to run your own business. Your parents decided to help you with finances to start a small coffee shop. You're really excited about capitalizing on this opportunity to start your own business. However, you're bounded to study simultaneously to finish school. This leads you to your decision to hire two new employees to oversee the day to day management responsibilities of your coffee shop. You're in the process of defining the Vision and the Mission Statement of your business. You have recently hired two new individuals Christina and Haidar on your parent's recommendation to help you run the business.

Christina: is a fresh college graduate in business degree concentrated in finance discipline. This is her first job and she is excited to take on the challenges that come with the new startup business. She really impressed you with level of knowledge & analytical skills she possesses e.g. forecasting inventories, calculating profits, reading and interpreting financial results etc.

Haidar: started the college degree 2 years ago and couldn't finish due to some family challenges. After dropping out of school, he started delivering newspapers in his community by creating an online portal for customers to register for newspaper subscription. He developed a strong customer base in few years due to his jovial personality & relationship management. He currently sold his business to his brother to start employment for his personal reasons.

Coffee Shop KPI's to measure success: You have been thinking a lot about your coffee shop's key metrics to measure success. You have decided to monitor key KPI's and hold your employees accountable to deliver on those KPIs.

• Revenue: continuous growth

• Expenses: cost reduction and management

• Net Income = Revenue - Expenses: Incremental Profits

• Customer Service Score by conducting monthly Survey

• Brand Awareness

• Employee Experience Score by conducting monthly Survey

Questions:

As a business owner - following the four functions of Management:

1. Planning: Develop a Vision, Mission Statement and Business Values (Minimum of three values) of your coffee shop to share with Christina and Haidar? Also Name your business based on the above. (10 points)

2. Organizing: What would be the structure of your business? What roles would you assign to Christina and Haidar? (5 points)

3. Leading: What Leadership Style would you suggest Christina and Haidar to apply in your b

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Problem 6: The U.S. Senate is considering a bill that would tax the sale of laptop computers in order to fund a computer education program for presidential hopefuls. The Congressional Budget Office (CBO) estimates that if it implements a low tax of $12 per laptop, revenue should be sufficient to exactly fund the program. The CBO also estimates that a high tax of $230 per laptop will exactly fund the program. a) How can a low tax and a high tax raise exactly enough money to fund the program? Illustrate your answer using a graph. b) Suppose that you are an economic advisor to the Senate Finance Committee, tasked with analyzing the economic impact of the tax proposals. Which proposal do you recommend, and why? k) Would your answer to b) change if recent research found that laptop computers are environ- mentally harmful (battery). Problem 6: The U.S. Senate is considering a bill that would tax the sale of laptop computers in order to fund a computer education program for presidential hopefuls. The Congressional Budget Office (CBO) estimates that if it implements a low tax of $12 per laptop, revenue should be sufficient to exactly fund the program. The CBO also estimates that a high tax of $230 per laptop will exactly fund the program. a) How can a low tax and a high tax raise exactly enough money to fund the program? Illustrate your answer using a graph. b) Suppose that you are an economic advisor to the Senate Finance Committee, tasked with analyzing the economic impact of the tax proposals. Which proposal do you recommend, and why? k) Would your answer to b) change if recent research found that laptop computers are environ- mentally harmful (battery).

Answer rating: 100% (QA)

Lets address the questions one by one 1 Planning Vision To create a vibrant community space where people can gather to enjoy exceptional coffee connec... View the full answer