Questions and Answers of Business Foundations A Changing World

Propose a solution for resolving a problem with a company's marketing plans.
Summarize the environmental forces that influence marketing decisions.
Describe how marketers conduct marketing research and study buying behavior.
Examine the development of a marketing strategy, including market segmentation and marketing mix.
Explain the marketing concept and its implications for developing marketing strategies.
Specify the functions of marketing.
Describe the exchange process.
Define marketing.
Why do you think unions in the entertainment industry are banding together?Form groups and go to Monster.com and look up job descriptions for positions in business (account executive in advertising,
Why is striking often avoided if possible?
Why are Hollywood labor unions considered necessary?
Form groups and outline a compensation package that you would consider ideal in motivating an employee, recognizing performance, and assisting the company in attaining its cost-to-performance
Do you believe that highly satisfied employees will lead to highly satisfied customers and shareholders?
Name some of the ways that The Container Store motivates its employees.
Name some of the hygiene factors at The Container Store.
Why does the exclusive nature of these products increases engagement in the company’s sales force?Explain why the study of human relations is important.Summarize early studies that laid the
How does The Cocoa Exchange benefit from building relationships with cocoa farmers?
Describe how The Cocoa Exchange benefits from Mars, Incorporated’s supply chain.
Specify some techniques managers may use to manage the logistics of transforming inputs into finished products.6 Assess the importance of quality in operations management. Propose a solution to a
Describe the elements involved in planning and designing an operations system.
Explain how operations management differs in manufacturing and service firms.
Differentiate between operations and manufacturing.
Define operations management.
What effect does Freshii’s franchise model have on its company culture?
In what ways are employees at Freshii empowered to contribute to the company?
How does Freshii’s organizational structure shape its culture?
Describe how communication occurs in organizations. Analyze a business's use of teams.
Distinguish between groups and teams. Identify the types of groups that exist in organizations.
Compare and contrast some common forms of organizational structure.
Determine how organizations assign responsibility for tasks and delegate authority.
Describe how specialization and departmentalization help an organization achieve its goals.
Describe how organizational structures develop.
Form groups and assign the responsibility of locating examples of crisis management implementation for companies dealing with natural disasters (explosions, fires, earthquakes, etc.), technology
How can Wilson continue to use an entrepreneurial mindset to grow his company?
How do the goals of JCF Health & Fitness set them apart from other fitness companies?
Why is it important for JCF Health & Fitness employees to share the same mission as Wilson?
What are the disadvantages of buying into the Sonic franchise?
What are the advantages of becoming a Sonic franchisee?
What is Sonic’s competitive advantage over other fast-food franchises?
Explain why many large businesses are trying to "think small." Assess two entrepreneurs' plans for starting a small business.
Evaluate the demographic, technological, and economic trends that are affecting the future of small business.
Describe how to start a small business and what resources are needed.
Analyze the disadvantages of small-business ownership and the reasons why many small businesses fail.
Explain the importance of small business in the U.S. economy and why certain fields attract small business. Specify the advantages of small-business ownership.
Define entrepreneurship and small business.
Form groups and find examples of mergers and acquisitions. Mergers can be broken down into traditional mergers, horizontal mergers, and conglomerate mergers. When companies are found, note how long
How has adopting a franchise model made PODS more adaptable?
What are some advantages of private corporations for PODS? What are some disadvantages?
What are some advantages of sole proprietorships for PODS? What are some disadvantages?
Visit Transparency International’s Country Corruption Index website: https://www.transparency.org/research/cpi/overview. Form groups and select two countries. Research some of the economic,
Why did Electra—which markets itself with a “genuine Americana” message—decide to outsource production to Asia? Do you believe this is appropriate?
What are some global difficulties Electra had to overcome when it expanded into different countries?
Describe how Electra maintains a worldwide comparative advantage.
Form teams and assign the role of defending this strategy or casting this strategy as an unethical act. Present your thoughts on either side of the issue.Explore some of the factors within the
Sam Walton, founder of Walmart, had an early strategy for growing his business related to pricing. The "Opening Price Point" strategy used by Walton involved offering the introductory product in a
Evaluate the ethics of a business's decision.
Evaluate an organization's social responsibilities to owners, employees, consumers, the environment, and the community.
Detect some of the ethical issues that may arise in business. Specify how businesses can promote ethical behavior.
Major economic systems, including capitalism, socialism, and communism, as well as mixed economic systems were discussed in this chapter. Assuming that you want an economic system that is best for
What are some recommendations for ways that Redbox can maintain its high market share?
How was Redbox able to overcome some of its earliest challenges?
Why are consumers so willing to rent from Redbox?
Evaluate a small-business owner's situation and propose a course of action.
Explain the role of the entrepreneur in the economy.
Outline the evolution of the American economy.
Compare the four types of economic systems.
Explain why studying business is important.
Define basic concepts such as business, product, profit, and economics. Identify the main participants and activities of business.
Compare and contrast financing with long-term liabili- ties, such as bonds versus financing with owner's equity, typically retained earnings, common stock, and preferred stock. Form groups and
3. Why does Mansueto recommend investing early in life, even in high school? Many individuals find stocks and bonds to be confusing, but Joe Mansueto has begun to change that by making invest- ing
2. How does Morningstar, Inc., make investing easier for individuals? Many individuals find stocks and bonds to be confusing, but Joe Mansueto has begun to change that by making invest- ing easier to
1. What is it about investing that Mansueto discovered is so confusing for the average investor? Many individuals find stocks and bonds to be confusing, but Joe Mansueto has begun to change that by
3. What are some management techniques applied to current liabilities that Glasspray might use to improve its working capital position? Glasspray Corporation is a small firm that makes industrial
2. List the important components of a firm's working capital. Include both current assets and current liabilities. Glasspray Corporation is a small firm that makes industrial fiberglass spray
1. Normally, rapidly increasing sales are a good thing. What seems to be the problem here? Glasspray Corporation is a small firm that makes industrial fiberglass spray equipment. Despite its size,
5. If you could choose three projects, which ones would you choose? In making this decision, consider which projects might be highly correlated to High Octane Oil's existing production and which ones
4. If you could choose one project, which would it be and why? Background: As the senior executive in charge of exploration for High Octane Oil Co., you are constantly looking for projects that tract
3. What political considerations might affect your project choice? Background: As the senior executive in charge of exploration for High Octane Oil Co., you are constantly looking for projects that
2. Given the information provided, do the best you can to rank the projects from lowest cost to highest cost. Background: As the senior executive in charge of exploration for High Octane Oil Co., you
1. Working in groups, rank the six projects from lowest risk to highest risk. Background: As the senior executive in charge of exploration for High Octane Oil Co., you are constantly looking for
2. Select five of the Dow Jones Industrials from Table 16.5. Look up their earnings, dividends, and prices for the past five years. What kind of picture is presented by this information? Which stocks
1. Using your local newspaper or The Wall Street Journal, find the current rates of interest on the following marketable securities. If you were a financial manager for a large corporation, which
3. Do you think that philanthropic efforts like the Hershey School can enhance a brand in the eyes of the con- sumer? How? No matter where you live, you have probably eaten Hershey's chocolate
2. Does the Hershey School do anything to advance the company's financial position in any way? No matter where you live, you have probably eaten Hershey's chocolate products before. However, did you
1. What is the goal of the Hershey School?No matter where you live, you have probably eaten Hershey's chocolate products before. However, did you know that every product you purchase contributes to
3. Look up the stock price of First Solar (FSLR), and evaluate current stock performance. First Solar Inc. has been working to perfect an affordable alternative to fossil fuels since 1999. By tapping
2. Because First Solar sells a product that is important to sustainability, does that mean its stock might be considered to have added value? First Solar Inc. has been working to perfect an
1. Why did First Solar stock fluctuate over such a wide range in 2008 and 2009? First Solar Inc. has been working to perfect an affordable alternative to fossil fuels since 1999. By tapping into
Critique the short-term asset and liabilities position of a small manufacturer, and recommend corrective action.
Describe the various securities markets in the United States.
Discuss how corporations can use equity financing by issuing stock through an investment banker.
Specify how companies finance their operations and manage fixed assets with long-term liabilities, particularly bonds.
Summarize the importance of long-term assets and capital budgeting.
Identify some sources of short-term financing (current liabilities).
Describe some common methods of managing current assets.
Mutual funds pool individual investor dollars and invest them in a number of different securities. Go to http:// finance.yahoo.com/ and select some top-performing funds using criteria such as sector,
3. Why do some industries thrive during recessions while others falter? The recent global recession impacted people and businesses in different. ways, including the temporary restric- tion of credit
2. How do you think people can improve their credit scores in order to look more attractive for loans? The recent global recession impacted people and businesses in different. ways, including the
1. While it does involve taking on debt, why is credit so important for businesses to function? The recent global recession impacted people and businesses in different. ways, including the temporary
MONEY AND THE FINANCIAL SYSTEM This chapter provides you with the opportunity to think about money and the financial system and just how many new businesses fail every year. In some industries the

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