Mini-Case

In the introduction to this chapter, we describe the situation faced by Gap, Inc. (GPS). We learned that the retail clothing chain had grown dramatically over the first two decades of its existence but had fallen on difficult times in 2007. Assume that you have just been hired as a new management trainee by the corporate offices of Gap and you report directly to the director of sales and marketing. Although your job is not specifically in finance, your boss is a major contributor to the firm