Chapter 1, Problem 1.3EC

1. The General Store at State University is an auxiliary bookstore located near the dormitories that sells academic supplies, toiletries, sweatshirts and T-shirts, magazines, packaged food items, and canned soft drinks and fruit drinks. The manager of the store has noticed that several pizza delivery services near campus make frequent deliveries. The manager is therefore considering selling pizza at the store. She could buy premade frozen pizzas and heat them in an oven. The cost of the oven and freezer would be $27,000. The frozen pizzas cost $3.75 each to buy from a distributor and to prepare (including labor and a box). To be competitive with the local delivery services, the manager believes she should sell the pizzas for $8.95 apiece. The manager needs to write up a proposal for the university’s director of auxiliary services. a)Determine how many pizzas would have to be sold to break even. b)If The General Store sells 20 pizzas per day, how many days would it take to break even?…

In a 2014 segment of Shark Tank, Trevor Hiltbrand, the founder of nootropic supplement maker Cerebral Success, sought funding from the “Sharks” to introduce a line of nootropic shots to be sold on college campuses in Five Hour Energy-style containers, but encountered some pushback from some of the Sharks who questioned the ethics of marketing to stressed-out, sleep-deprived college students anxious to get good grades. Should it matter if Hiltbrand was trying to capitalize on the need to gain a competitive edge in college by selling something that may not have received FDA approval?

The General Store at State University is an auxiliary bookstore located near the dormitories that sells academic supplies, toiletries, sweatshirts and T-shirts, magazines, packaged food items, and canned soft drinks and fruit drinks. The manager of the store has noticed that several pizza delivery services near campus make frequent deliveries. The manager is therefore considering selling pizza at the store. She could buy premade frozen pizzas and heat them in an oven. The cost of the oven and freezer would be $27,000. The frozen pizzas cost $3.75 each to buy from a distributor and to prepare (including labor and a box). To be competitive with the local delivery services, the manager believes she should sell the pizzas for $8.95 apiece. The manager needs to write up a proposal for the university’s director of auxiliary services. a. Determine how many pizzas would have to be sold to break even. b. If The General Store sells 20 pizzas per day, how many days would it take to break even? c.…

Which of the following MOST likely indicates a clear violation of an NFPO’s code of conduct? John Adams, a volunteer for the local pet shelter, also owns a pet store and has offered a discount on pet food to the local shelter. Cecilia Lam used inappropriate language on her Facebook page when referring to the NFPO for which she worked. Mark Adams, an employee for a legal society, used the organization’s computer to research a new job. Hanpreet Kaur, the accountant for a sports rehabilitation society, offered the society’s services to his sister free of charge without her needing to qualify.

Non-communicable diseases are currently perceived to be a national health problem in Tanzania. In one of the debate, one person suggested to deal with this problem is to introduce a “Fat Tax”. The idea is to levy a tax on foods containing more than a government prescribed percentage of the daily minimal fat intake. Is such as tax consistent with a mechanistic view of the government? Discuss.

Nestlés reputation was damaged when the company was accused of which of the following? A. forcing mothers to buy baby formula within days of delivering their bables B. promoting inadequate nutrition in developing countries C. providing cheap formula to mothers in developing countries, but more expensive to mothers in developed countries D. selling poor quality bottled water to developing countries

The Department of Education called the attention of LBC (Luzon Brokerage Movement) management for showing a commercial that encouraged wrong spelling among children. In a spelling bee contest, the emcee played by Edu Manzano called the contestants to spell remittance, affordable, and instant. They spelled out "LBC" instead. DepEd said that the commercial was encouraging wrong spelling of words.    What is the social responsibility of entrepreneurs or advertisers to customers based on the example given above?

In "Retail:  Discounters Get Their Day”, Business Week, January 14, 2002, the authors suggest that consumers will try to stretch their dollars.  So discounters and value-oriented retailers such as Wal-Mart Stores Inc. and Target Stores will continue to take market share away from mall-based department stores and specialty stores. The authors also suggest retailers will have “to keep an eye on inventory and other expenses." How could an excessive build-up of inventory hurt a retailer’s bottom line?

The Loft Etc. Store near the Academy of Arts sells all sorts of academic supplies and university memorabilia. One section of the store has been converted to sell sundries, toiletries, packaged food items and beverages, much like a 7-Eleven.  You are the store manager for The Loft Etc. The store owner, Victoria, noticed that there are several sandwich places near the campus  that deliver food to the dorms.  She asked you to evaluate the feasibility of adding the sandwich business to the store. It will be very difficult to make the sandwiches at the store due to limited kitchen space and health permits requirements. You are considering to buy frozen pre-made sandwiches and heat them in the oven. You would need a freezer to store the pre-made sandwiches and an oven. The estimated the cost of a new freezer is $12,000 and the oven costs $15,000. You found a wholesaler willing to sell the pre-made frozen sandwiches for $2.85 each. You also estimated that the store will incur labor and…