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Homework answers / question archive / Test Content Read the following business decision scenario and then answer the questions
Test Content Read the following business decision scenario and then answer the questions. You and your sister are taking over the family business from your father. The business is an agricultural supply shop (provides chemicals, animal feeds, equipment for farmers) on the outskirts of a large city. When your family started the business it was in a farming community quite distant from the city centre. Today the city has grown out towards the store location and you now have a mixture of farmers and people living on small acreages in the areas around the store. The store turnover is steady but has not grown in years and it is not enough to support two managerial salaries. Your sister suggests two options. But both those options could be expensive. First option: you need to offer a wider range of different types of farm supplies. Second option: you expand into providing classes and advice to customers. Question 1 2 Points What is the business problem? Use the editor to formot your answer Question 2 2 Points What is the evidence provided for the assumed business problem? Use the editor to format your answer Question 3 3 Points What information might be useful to have to help with this decision? Use the editor to formet your answer Question 4 5 Points You are going to conduct a research study, would you conduct an Exploratory Study, a Descriptive Study or an Explanatory Study? Explain for your choice. Use the editor to format your answer Question 5 3 Points Explain what are the ethical issues from this research?
