Answered: 7. Mrs Bayson completed Fashion Design…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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7. Mrs Bayson completed Fashion Design Programme at a Technical University in Ghana . Mrs Bayson decided to join a dress-making group to gain experience for her career. In the course of her internship Mrs Bayson has observed that there are always a lot of beautiful pieces of leftover clothes that go waste thereby requiring the shop to spend money to dispose them. She is then thinking of designing fashioned carrier bags with the leftover clothes. Efua needs ideas on what factors to consider in decide to go or not go for the development of the conceived business idea. (a) Discuss four key things to consider in deciding to pursue or not to pursue the conceived business idea (b) Discuss one social or environmental problem that would be solved by Efua’s business idea should it become a reality

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