written assignment
Things you will need to complete this assignment
F.Y.I I just write this; just let you know all this information is based in my business (Bakery in San Diego). So, all these six questions need to be based in bakery business.
I will attach my business plan to help you with your question 1 and 2.
Just pay attention that each question there is a minimum word.
1. Explain your business (150 words minimum).
2. You decide to engage in price discrimination. Decide which type of price discrimination would work best for your product/service. Be specific and consider the real applicability of your choice. Explain in detail! (300 words minimum).
Here is my answer for discussion week 5 about my business. My business is a bakery.
Considering the fact that I was born into a family that always liked to cook. I grew up watching and learning from my mother and grandmother’s making delight in the kitchen. By coincidence, I am married to a woman who loves to cook. So after, a lot of talking with my wife about opening a company, we decide to open a small bakery. The name of Bakery will be Dolce Mamma.
Dolce Mamma will provide the best qualities and variety of fresh bakes, cakes, sweets, beverages, and homemade juices. Our bakery will be located at San Diego-CA, specifically in the Pacific Beach area, where it has the largest number of Brazilian who miss a good Brazilian fresh bake, sweets, salty and taste of Brazilian cuisine. Our bakery will be opened to the public to all ages, and social classes, mainly for people who enjoy a fresh-baked. The type of price discrimination that best suit for my bakery would be the second degree, that I can charge different prices for different quantities consumed. For example, “buy-one donut and get the second-one at reduce the price” (Blair, 2019).
3. Select one item from your business and calculate the Economic Order Quantity. When determining the numbers for the variables needed to perform the calculation, be realistic. Research what the actual numbers could be and provide and explanation/rationale for choosing the numbers. (150 words minimum). Perform the calculation and explain what the result means to your business.
My business is a bakery so you can pick any product from bakery to make the calculate economic order quantity
4. Once your chosen business is more established, you decide to get involved in a joint venture with a foreign firm. The contract for the joint venture gives you the right to buy the project in three years. You worry that the foreign firm has been bribing government officials to obtain an economic advantage over other companies. Do you have any reason to be concerned about the possible bribery if you purchase the venture in three years? Why or why not? Provide an overview of the country’s (your choice) business practices and the consequences of engaging in questionable business practices. (300 words minimum).
5. What are the consequences for businesses in the United States that engage in false advertising? Which agencies provide oversight? How can you avoid false advertising for your chosen business? What would be the economic impact on your business if you were caught engaging in false advertising? (300 words minimum).
6. Why would you be interested in protecting your chosen business from being copied by others’? Would you want to patent your idea or would you keep it a trade secret? Explain your choice in detail! (250 words minimum)