Question
3.2 Are there customers for your business in other countries? How would you plan to reach them? 3.3 Describe any international competitors you have found
3.2 Are there customers for your business in other countries? How would you plan to reach them? 3.3 Describe any international competitors you have found who may be able to access the same customers. How would you compete? 3.4. Describe three core values you will use to run your own company. 3.5 What are three of the concepts that a mission statements should contain and why? 3.6. Write a mission statement for your planned or envisioned business. 3-7. Gross profit is the profit of a business before which other costs are subtracted? What is the average unit of sale for the following businesses? (3-8, 3-9) 38. A restaurant that serves $2,100 in meals to 115 customers per day. 3.9. A record store that sells $1,500 worth of CDs to 75 customers per day. 3-10. Sue, of Sue's Sandwiches, sells sandwiches and soda from a sidewall cart in a popular park near her house. She sets up her cart in the sum- mers to earn money for college tuition. Last month she sold $1.240 worth of product (sandwiches and sodas) to 100 customers. She spent $210 on the sandwich ingredients and buying the sodas wholesale. Her unit is one sandwich ($4) plus one soda ($1). Define the unit of sale and calculate the economics of one unit for Sue's Sandwiches. 3-11. When Steve Wozniak and Steve Jobs envisioned a computer in every home, computers were large, expensive machines owned only by the government, universities, and large companies. What technology currently available today to only a few people can you envision meeting a need for many consumers in the future? 3-12. Is there a service presently available to only a few consumers, or one that is not available yet? Write about a service that you can imagine eventually becoming very popular and the need(s) it will meet. 3-13. If the FX rate between the U.S. dollar and the Japanese yen is 1:119, how many yen will it take to equal $20? 3-14. If the FX rate between the Japanese yen and the euro is 189.35:1, how many yen will equal 10 euros? 3-15. Explain three ways businesses can be valued.
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