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Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
Edition 2ISBN: 978-1259573798Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
Edition 2ISBN: 978-1259573798 Exercise 2
What can Suchin do to resolve the problem
Explanation
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Verified
Every problem has a solution. The problem arises when people are not able to find the correct way to reach the solution. It is human psychology when any challenge comes across, the human brain starts working in a reverse direction. It is therefore advisable to keep the mind cool and calm at the time of finding solution to any problem.
In the given case, S believes in the philosophy of working hard. From his young age he has been adopting the same in his work thereby making his way to success. From making donuts in others' factories to a bigger grocery store, his journey seems not easy. It is obvious that he has done smart and hard work till now.
The store is getting great responses for international foods and less response for the American traditional foods. At present the store is offering half- half share of both the products. Instead of removing American foods the shared of these foods can be reduced to one-fourth. This will give S a better idea about selling of the products. If still the sale of American foods will keep on decreasing, he can convert the market as exclusively international food market. If the strategy works well and demand for American food increases, then the share of one-fourth for the same can be followed for the future as well.
In the given case, S believes in the philosophy of working hard. From his young age he has been adopting the same in his work thereby making his way to success. From making donuts in others' factories to a bigger grocery store, his journey seems not easy. It is obvious that he has done smart and hard work till now.
The store is getting great responses for international foods and less response for the American traditional foods. At present the store is offering half- half share of both the products. Instead of removing American foods the shared of these foods can be reduced to one-fourth. This will give S a better idea about selling of the products. If still the sale of American foods will keep on decreasing, he can convert the market as exclusively international food market. If the strategy works well and demand for American food increases, then the share of one-fourth for the same can be followed for the future as well.
Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
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