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Financial Services Decision Making: Student Lawn Services Management Plan

Develop strategies for Student Lawn Services to meet demand, consider partnering with competitors, propose pricing strategies. Present plan in 30 mins, with 10 min presentation and 5 min Q&A session. Evaluate productivity, economic resources, scarcity, supply and demand, business risk, customer relations, business ownership.

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Financial Services Decision Making: Student Lawn Services Management Plan

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  1. CHAPTER 20Financial Services Management Team Decision Making Event • Scenario • The owner of Student Lawn Services has called upon your financial management team to suggest strategies for the business to keep up with increasing demand for personalized lawn service. • Much of this demand is due to an expanding community and numerous new housing developments. (continued on the next slide)

  2. CHAPTER 20Financial Services Management Team Decision Making Event • Scenario • The owner began the business as a sole proprietorship. • He is considering partnering with some of the competing lawn service businesses in the community.

  3. CHAPTER 20Financial Services Management Team Decision Making Event • Description • Your team must outline a strategy for Student Lawn Services to successfully stay in business. • Your team must explain the advantages and disadvantages of partnering with another business. • Your team also must explain pricing strategies for lawn services. (continued on the next slide)

  4. CHAPTER 20Financial Services Management Team Decision Making Event • Description • You have 30 minutes to prepare your presentation, 10 minutes to present your plan to the owner of Student Lawn Services (judge), and 5 minutes to answer the judge’s questions about your plan.

  5. CHAPTER 20Financial Services Management Team Decision Making Event • Performance Indicators Evaluated • Explain the concept of productivity. • Explain the concept of economic resources. • Describe the concepts of economic scarcity and economic activities. • Explain the principles of supply and demand. (continued on the next slide)

  6. CHAPTER 20Financial Services Management Team Decision Making Event • Performance Indicators Evaluated • Determine factors affecting business risk. • Explain the nature of positive customer/client relations. • Explain the types of business ownership.

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