Professor Sanders Student Name_____________________ Mgt. 221 Final Examination Please read the Red J

Professor Sanders Student
221 Final Examination

read the Red Jett Sweets Business Plan, Appendix B, pages 248-270 in the Katz
& Green textbook and view the financial tables in chapters 13 and 14. Please answer the following questions using
the essay format and support your answers with referenced concepts covered in
the text and other course materials. Total points: 100 equally weighted.
Recommended length: 4-6 pages, single-spaced including references.

1. Identify
and discuss at least three cost benefits and three value benefits in the Red
Jett’s business feasibility plan.

2. Figure
7.3 on page 198 depicts “the industry life cycle.” Using this figure, indicate where on this
continuum you would place specialty food trucks and discuss at least three
reasons for your placement. Support your answer with research on the specialty
food truck industry, i.e. NAICS research, trade association journals, etc.

3. Discuss
the strengths and weaknesses of Red Jett’s proposed primary and secondary
target markets. Please recommend at
least one additional target market, provide reasons for your recommendation,
and discuss at least one potential competitor in this additional target
market. .

4. Discuss
the strengths and weaknesses of Red Jett Sweets plans to differentiate its
product and services from those of its competitors.

5. Discuss
how Ms. Mayer and Ms. Gamez’s industry experiences, business skills, and
personal characteristics complement one another in terms of their ability to
startup and successfully operate Red Jett Sweets. Using the “Competency
Self-Assessment in Skill Module 2.2 on pages 34-35, what skills or competencies
are lacking in each partner and how may these be compensated for?

6. Red
Jett plans to organize its business legally as a “subchapter S
corporation.” Recommend at least one
other form of legal business formation and discuss at least two reasons or
advantages underlying your recommendation.

7. Table
13.8 on page 439 presents a projected income statement for the first quarter of
operations for Red Jett Sweets. Discuss
at least three strategies that Red Jett could implement to increase sales by at
least 25%.

8. Red
Jett Sweets is no longer in business.
Based upon the information in the business plan and financial
information presented in chapters 13 and 14, list and discuss at least three
critical risk factors that may have been overlooked and that may have
contributed to its demise.
This examination is due
no later than Sunday (or if feasible) at midnight. Please submit using the link
provided in Learning Unit 8. Thank you.