Guided Response: In 300 words or more, please, provide your response to the above discussion question. Identify all the costs in the decision process, including explicit costs, implicit costs and sunk costs. Respond substantively to at least two of your classmates’ postings. Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
Saturday, 7 June 2014
Two partners own together a small landscaping business in North Carolina, called Summer Lawn Care.
Two partners own together a small landscaping business in
North Carolina, called Summer Lawn Care. They have been
specializing in summer grass seeding, installation, and
maintenance. Recently, the partners acquired special technology and
know-how for winter grass installations and maintenance. They also
added a tree cutting service as recent storms in the area had
caused demand for this service to soar. One of the partners insists
that the name of the business should change to Lawn and Tree Care,
so that it better reflects the range of services and, thus,
generates more customer interest, and thus contracts. The second
partner wants to keep the old name and argues, “We have already
paid for business cards, vehicle paint, signage, and ads in Yellow
Pages”. Evaluate the arguments of the two partners. Explain and
illustrate their points by identifying the relevant and irrelevant
costs for this decision.
Guided Response: In 300 words or more, please, provide your response to the above discussion question. Identify all the costs in the decision process, including explicit costs, implicit costs and sunk costs. Respond substantively to at least two of your classmates’ postings. Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
Guided Response: In 300 words or more, please, provide your response to the above discussion question. Identify all the costs in the decision process, including explicit costs, implicit costs and sunk costs. Respond substantively to at least two of your classmates’ postings. Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
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