subject
Business, 12.11.2020 04:10 smartgirl61987

Johnny is the majority shareholder of “Clothme Inc.” a clothing retail store that sells a variety of clothes across Canada, quite evenly distributed throughout each of the provinces. They sell different styles and fashions according to the current fashion trends in each of the locations and has staff in each province to look after customer needs, wants, and complaints. Clothme usually buys its inventory from manufacturers across Canada, from Coast to coast, as they like to look for good deals. One of the company’s strengths is that it understands customer and supplier needs and intricacies in each region. Johnny tends to be controlling, and always likes to know what is going on, he has major trust issues. Johnny does not want to run the company fully on his own however, that would be too big a task. He has recently hired Mary and Frank. Mary comes from a large accounting firm and has a strong background in Finance. Frank’s background is in retailing and has been a successful VP in sales with his prior employers. Both have accepted to work for Johnny, however they have both mentioned to him that in the long term, they want to have a chance to grow and be independent. In the past year, Company sales were $560,000 and is expected to grow to over $1million in the next year. The company expects to increase its staff to approximately 1000 employees over the next year, almost evenly throughout each province. Johnny has come to you for advice. He wants to know how to organize his company. He does not know much about business, but one of his friends told him something about decentralizing his operations. Johnny does not know what this means and has come to you for advice and options. Advise Johnny on his concerns of organizing the management of his company.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 23:30
Acompany is developing a new high­performance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below.a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample.assume=0.05. what are the null and alternative hypotheses? choose the correct answer below.b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.
Answers: 2
question
Business, 22.06.2019 02:10
The federal reserve's organization while all members of the federal reserve board of governors vote at federal open market committee (fomc) meetings, only of the regional bank presidents are members of the fomc. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? u.s. banks that cannot borrow elsewhere governments in developing countries during currency crises u.s. state governments when they run short on tax revenues the federal reserve's primary tool for changing the money supply is . in order to decrease the number of dollars in the u.s. economy (the money supply), the federal reserve will government bonds.
Answers: 1
question
Business, 22.06.2019 13:40
Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.
Answers: 1
question
Business, 22.06.2019 17:30
Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.
Answers: 2
You know the right answer?
Johnny is the majority shareholder of “Clothme Inc.” a clothing retail store that sells a variety of...
Questions
question
Biology, 02.02.2021 19:00
question
English, 02.02.2021 19:00
question
Mathematics, 02.02.2021 19:00