Questions:
#1 :
You are at a family birthday party when your older sister, Julie, asks you to help her establish a company that seems to have many complexities. Julie says that she is now a marketing specialist with a hobby in childrens clothing and she is considering starting an international business. Her plan is to export clothing to the U.S. and Canada. The clothing will be made by a contract manufacturer in Viet Nam to her specifications. Julie envisions the operations being headquartered in California, initially with two retail stores – one in Texas and another retail store in Paris, France.
Since she has never been to either of these foreign countries, she asks you to explain what factors to consider including:
Write an essay explaining what you would tell her.
#2 :
Julie, from Question #1, is very optimistic about this being a successful venture. She asks you the following question If, for instance, in 5 years I have a successful business with strong sales, profits, and cash flow, what is the general rule on how to determine the value of my business at that time 5 years from now? Give some general rules on how to value an ongoing business, possibly to sell then?
Write an essay explaining what you would tell her.
#3 :
Write an essay explaining the significance of GDP measurements in starting, running, and possibly shutting down an international business.