This website uses cookies to ensure you have the best experience. Learn more

Business Opportunity Scenario Essay

728 words - 3 pages

Author Note
The purpose of this document is to provide clear and tangible information. The data within will contain a comparison between the three main structures of business directly related to the product and a conclusion of what business decision should be made; based on the greater good of the overall product in mind.

Brief Overview
New home appliance which meets consumer needs. This product would be able to assist the consumer on an everyday basis. New technology is much safer than current products in the market. Possibility for development of other products based off this new technology. The market for this “type” of product is saturated. Financially resources are low. ...view middle of the document...

Advantages in this case would include: More financial freedom. Not limited to self-reliance. Resources would be in much higher numbers. Skills of individuals would help in development stages. Disadvantages include: Difference of opinions or how things should be done. Still become personally liable for anything that has gone wrong. Need to establish a place to produce the product. Growth of company or new products would cost significantly to do each time.

Corporation
Third being corporation. Company is owned by stock holders. Advantages to this would be: Funds available to start and operate factories. Advertisement would be great and vast. Disadvantages would be: loss in control, less money, more taxes, and more people to answer to.
Note: (The information provided above was from class source BUS105 Unit 1 “What If” analysis. (2010). Retrieved from AIU virtual campus)
Based on the facts of each business structure, bringing the product to a corporate level would be the best decision. This was determined based on multiple facts. Financial obligation played a huge role in the decision making process. The start of the company would exceed the finances available if going into a sole proprietorship. If any further growth of the...

Other Essays Like Business Opportunity Scenario

Decision Model Experience Essay

752 words - 4 pages Thinking and Decision Making Training Simulation (2008), a scenario is presented that helps to make critical decisions about a business. The simulation allows for instant feedback. This feedback shows how decisions impact the issues that are being resolved. Problem Solving Approach: An Example-A Life-Work Scenario In the example, Problem Solving Approach: An Example-A Life-Work Scenario (2008), I read a document from the University of Phoenix

Cost Scenario Essay

911 words - 4 pages Cost Scenario Clay ECO/561 April 30, 2009 In the Opportunity Cost Scenario Summary there is a challenge that involves the decision making of whether to accept the order of a product, in which it might require to not use another product. This is a decision that would have to be based on opportunity cost, contribution analysis and cost concepts. ClearHear is the manufacturer of cell phones that has some challenges with the product

Guillermo Scenario

516 words - 3 pages Guillermo’s Furniture Store Scenario FIN571 Guillermo’s Furniture Store Scenario Guillermo Navallez operates a furniture manufacturing business in Sonora, Mexico. Sonora is known as a beautiful vacation spot in Mexico. Guillermo furniture produces a wide variety of tables, and chairs hand crafted. The area of Sonora offers a good supply of timber to produce Guillermo’s products (University of Phoenix, n.d.). In the late 1990s the

Hris Course Project

1184 words - 5 pages Objective Apply the theories reviewed in class related to analyzing an HR function and determining the type of HRIS application necessary to automate and create a strategic alliance for this HR department. Students will have an opportunity to apply theoretical concepts to a professional business application. Guidelines for All Papers This project is completed in three stages. The first two assignments (Stages I and II of the project

Clear Hear Essay

665 words - 3 pages Running Head: CLEARHEAR SCENARIO ClearHear Scenario: An Opportunity Cost Analysis Tosha Jones University of Phoenix Introduction Kendra Sherman works as a business development specialist for ClearHear, a cell phone manufacturer. Big Box has placed an order for 100,000 cell phones and Kendra wants to fill the customers order, but is faced with a dilemma because the current volume ClearHear has is access to 70,000 cell phones in the

Scenario Forecasting

1921 words - 8 pages . Objective: Marketing and Entrepreneurship Driving Force: My long term goal to be an entrepreneur. Outcome: To refine my marketing skills, my strategic thinking, and be able to analyze high-potential opportunities that might lead to a new venture. Looking forward to this course!         Scenario Forecasting   8   Objective: Global Business Driving Force: Today’s economy Outcome: I want to be an educated corporate citizen or god

Eco 561 Scenarion concept

785 words - 4 pages Running head: WILL BURY'S PRICE ELASTICITY SCENARIO Economic Concepts in Will Bury's Price Elasticity Scenario ECO/561 Will Bury’s Price Elasticity Scenario As per McConnell and Brue (2004), economic principles are essential in economic decision-making and since it lets business managers in order to boost profit. Will Bury is an inventor with a copyrighted technology which leads to artificially

El Padrino

2313 words - 10 pages particular, nuclear armament. Why we create this scenario? The world need weapons, in particular the world's super powers, so it seems a good opportunity to expand our business in that way.. The war, always war, forms an intrinsic part of human nature. Since the time immemorial the wars have been part of our daily lives. The philosopher, writer and American historian Will Durant, who lived almost a century between 1885 and 1981, ensured that

Decisions in Paradise Part 1

1016 words - 5 pages to make a clear path so that we can capitalize on it. Since Macy’s, Inc has a long standing tradition of believing that giving back is the right thing to do (Macy's Inc, 2011) , we would like to help Kava try to recover from all the disasters they have gone through, and help to overcome the challenges that they are now facing. Macy’s will do this by addressing the issues found in the business scenario, forces involved in the formulation of the

Super Project

1579 words - 7 pages an IRR of 10.3%, far outpacing national GDP growth. General Foods enjoys a significantly large market share in the food business. They face many risks from competitors, and they actively seek the opportunity to fill out their product line whenever possible. As of the moment the company lacks a large share of the dessert market. Super would offer the company a chance to develop a larger share of that market, and even with the serious

Business Entities

1235 words - 5 pages Business Entities Law Paper University of Phoenix BUS/415 September 20, 2011 The extermination business scenario is where Frank is a successful investor. His goal is to open a chain of exterminator businesses across the United States. In my opinion, Frank should establish this business prospect as a franchise. According to "Business Link" (2011), “the franchisee sells the franchisor's product or services, trades under the

Related Papers

Guillermo Furniture Store Scenario Essay

1028 words - 5 pages conducive to a very conservative approach to conducting business. Currently Gulliermo’s business is experiencing a variety of issues. The business landscape has changed, competitors are becoming more prevelant and the necessity to either expand by acquisition or merger Guillermo has no other option but to search for the best financial concepts to help his company adapt and survive. After reviewing the scenario, it has been determined that they

Little Lamb Essay

668 words - 3 pages contract is acquired by the company, which reinstates the need for Mary’s services as a programmer. However, the supervisor chooses to hire his equally-qualified cousin and not offer Mary the opportunity to return.” After evaluating the entire scenario, the employment status of Mary would be that of a company employee. Using the IRS Twenty Factor Test as well as the chart in text on page 16, for the benchmark of the setting of Mary and the

Fin 571 Wk 1 Essay

677 words - 3 pages cost is important to the Guillermo Store scenario because it addresses the idea of accepting that there are alternatives to the current way that business is being accomplished. Opportunity cost can be useful in differentiating between the value of a certain action and the value of that actions best alternative. One alternative available to Guillermo is to invest in new technology, which would allow for automated furniture production, the

Syllabus Eco Essay

655 words - 3 pages University of Phoenix Material: Opportunity Cost located on your student website. Nongraded Activities and Preparation Listen to the Week Two podcast. Complete the Economics for Managerial Decision Making: Cost and Revenue Curves simulation located on your student website. Complete the Incremental Costs Scenario activity located on your student website. Individual Assignment: Week Two Quiz * * Complete the Week Two Quiz located