8/6/2019 Kristen Kelly Week 1 Individual Assignment
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GUILLERMO FURNITURE STORE CONCEPTS PAPER 3
Advantage is the basis for foreign trade. Each country produces
the goods and services that it can
make most efficiently. If this option was implemented it could
increase sales and boost revenue
with the introduction of the Norwegian products. The last option
Guillermo can incorporate is
applying a flame retardant coating on his furniture as an added
value over his competitors.
With careful analysis of the financial statements Guillermo
needs to examine the risk of
the three options to consider. Risk aversion is avoiding risk
when all else is equal. There is risk
among all three of the alternatives so each needs to be analyzed
carefully and with factual data.
Whatever the decision may be, it is important that the decision
is ethical. Business ethics,
standards of conduct, and moral judgment are central to
operations and profitability of any
company (Emery, Finnerty, & Stowe (2007). p. 40).
8/6/2019 Kristen Kelly Week 1 Individual Assignment
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GUILLERMO FURNITURE STORE CONCEPTS PAPER 4
Reference
Emery, D., Finnerty, J., & Stowe, J. (2007). Corporate
Financial Management, Third Edition.
Prentice Hall, Inc. New Jersey: A Pearson Education Company.
