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    The document provides guidance for a student team discussing an entrepreneur case about opening a retail clothing store. It lists 7 questions for the team to consider about the store's current location and relocation options, the cash acquisition and costs to open, identifying and calculating fixed quarterly and monthly costs, calculating unit sales needed to cover costs based on margins and expectations, strategies for stimulating early demand, determining number of part-time employees needed based on hours open, and factors that could keep or prevent customers from buying.

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    The document provides guidance for a student team discussing an entrepreneur case about opening a retail clothing store. It lists 7 questions for the team to consider about the store's current location and relocation options, the cash acquisition and costs to open, identifying and calculating fixed quarterly and monthly costs, calculating unit sales needed to cover costs based on margins and expectations, strategies for stimulating early demand, determining number of part-time employees needed based on hours open, and factors that could keep or prevent customers from buying.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views1 page

    Case Discussion

    Uploaded by

    tatiana
    The document provides guidance for a student team discussing an entrepreneur case about opening a retail clothing store. It lists 7 questions for the team to consider about the store's current location and relocation options, the cash acquisition and costs to open, identifying and calculating fixed quarterly and monthly costs, calculating unit sales needed to cover costs based on margins and expectations, strategies for stimulating early demand, determining number of part-time employees needed based on hours open, and factors that could keep or prevent customers from buying.

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    © All Rights Reserved
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    STUDENT/TEAM

    Case Discussion

    The Entrepreneur case presents background information on your retail-clothing store and some
    of the issues you will be facing. Below are a few guide questions to consider as you read the case.
    Respond to the questions in writing, and be prepared to discuss them.

    1. What is the current location of the store? What options do you have for relocating?

    2. Where is the cash for the acquisition of the store coming from? What will you have to pay
    for before opening? How much will you have left?

    3. Fixed costs, or overhead, are expenses that are the same no matter how much product
    you sell. Identify the fixed costs for your store, estimate the quarterly amount for each,
    and calculate the monthly total.

    4. If the average margin on an article of clothing is $10, how many units will you have to sell
    to cover the fixed costs you calculated? Based on the case, how many do you expect to
    sell?

    5. Sales may be slower than expected when you start out. What can you do to stimulated
    demand?

    6. How many part-time employees would you need to hire if you are open 10 hours a day
    every day of the week, and want two part-timers working at all times?

    7. Picture yourself shopping in a small retail clothing store. What do you see that keeps you
    in the store? What might prevent you from buying anything?

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