Ask a New Question
Menu

1. Describe at least one global trend that you think offers a business opportunity in the global marketplace. (1-5 sentences. 2.0 points)

2. Describe at least three risks a company might face if it participates in global trade. (1-3 sentences. 3.0 points)

3. Describe the purpose of the SEC. (1-4 sentences. 2.0 points)

4. Go to the EPA Web site and learn about one of the environmental laws that may affect businesses. Explain the law and how it might affect a business. (1-4 sentences. 3.0 points)

5. Choose a popular franchise, and visit the company's Web site to learn about its franchising policies. List at least three things you learned, such as costs franchisees must pay, or other rules or requirements. (1-3 sentences. 3.0 points) TIP: Popular franchises include McDonalds®, SUBWAY®, Dunkin' Donuts®, Cold Stone Creamery®, 7-Eleven®, Days Inn®, Great Clips®, Molly Maid®, and many more.

6. Describe a real or made up example of a contract that includes consideration. (1-5 sentences. 2.0 points)

7. Describe a real or made up example of the tort of interference. (1-5 sentences. 2.0 points)

8. Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. Explain at least two things the company could do to help make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)

1 answer

  1. One global trend that offers a business opportunity is the increasing focus on sustainability and eco-friendly products. As consumers become more environmentally conscious, businesses that offer sustainable alternatives, such as biodegradable packaging or energy-efficient appliances, can tap into a growing market and differentiate themselves from competitors.

  2. A company might face several risks when participating in global trade, including political instability in the host country, which can affect operations and profitability; fluctuating exchange rates that can impact pricing and revenue; and regulatory compliance challenges that differ from those in their domestic market, increasing operational complexities and costs.

  3. The purpose of the Securities and Exchange Commission (SEC) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. The SEC enforces securities laws, requiring public companies to disclose important financial information, thus helping to prevent fraud and insider trading.

  4. One environmental law that affects businesses is the Clean Air Act, which regulates air emissions from stationary and mobile sources. Businesses must comply with emissions limitations, which may require investing in new technologies or practices to reduce pollution, potentially increasing operational costs but also promoting cleaner production methods.

  5. At the Dunkin' Donuts® website, I learned that franchisees must pay an initial franchise fee ranging from $40,000 to $90,000, a royalty fee of 5% of gross sales, and a marketing contribution of 5% of gross sales. Franchisees are also required to operate the shop according to Dunkin’ Donuts’ operating standards and provide a financial statement every year.

  6. A made-up example of a contract that includes consideration could involve Alice agreeing to sell her car to Bob for $10,000. Here, Alice's consideration is the transfer of ownership of the car, while Bob's consideration is the payment of $10,000.

  7. An example of the tort of interference could involve a technology firm, TechSolutions, that convinces a key software engineer from a competing company, CreativeTech, to leave their job by offering them a significantly higher salary and benefits. This may result in significant damages to CreativeTech as they lose a crucial talent.

  8. A possible example of an employee facing a conflict of interest could involve Sarah, a purchasing manager, who is considering awarding a contract to a supplier owned by her brother. To mitigate this conflict, the company could implement strict procurement policies requiring third-party assessments for bids and establish a review committee to oversee contract decisions, ensuring transparency and fairness in the selection process.