for the scenario below write a business memorandum at least 500 words in length providing a recommendation and describing the solution approach
For the scenario below, write a business memorandum (at least 500 words in length), providing a recommendation and describing the solution approach. A sample business memo is attached below.
Sally is self-employed. She makes cookies out of her own home, and sells these cookies through her website. Recently, a severe storm went through the area that Sally lives in, and caused some damage to her home. Sally was forced to use some funds from her cookie business to pay for the needed home repairs. At this point, Sally only has enough money to make ten-dozen more cookies, which will likely not be enough quantity to produce enough profit for her to buy more ingredients to make more cookies. Sally knows she could generate more cash on hand if she generated more advance-orders, but she also knows that she would have to advertise more. Advertising more might force her to use the remainder of the cash on hand she currently has. Sally needs to quickly decide what to do.
SEE VERY USEFUL LINKS & ATTACHMENT
Assigned Readings:
- Essentials of Capitalism, Presentation (20 minutes) Dr. Haynes
https://content.bellevue.edu/cob/sclm/319/id/capitalism-and-economic-reasoning - High Fuel Prices Change the Trucking Landscape: the National Magazine of Business Fundamentals C&FM. Castagna, Ed. Business Credit110. 7 (Jul/Aug 2008): 34-35.
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