Guillermo Furniture Store

Guillermo Furniture Store - GuillermoFurnitureStore...

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Guillermo Furniture Store Guillermo Furniture Store Rachel Mitchell ACC 561 August 22, 2010 Professor Rachael Lenzmeier Jencks Guillermo Furniture Store 1
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Guillermo Furniture Store Guillermo Navallez owns and operates a furniture store in Sonora, Mexico that previously had provided him with large profits until two events took place in the 1990s, causing revenue to decrease. First, an oversea competitor entered the market with a very high-tech method that allows furniture fabricating to be done at exact specifications very easily and inexpensively. Next, surrounding communities sprouted with many developments, causing an influx in people and jobs. This created a higher cost of labor, increased costs, and lower prices. To combat his falling profits, Guillermo sought information regarding a few solutions. First, he can consider a merger with a larger corporation. Second, Guillermo can take on the high-tech method that many oversea competitors are using. Last, there is the option of shifting his company’s focus from manufacturing to distributing for a potential rival in Norway. Before making any of the above changes, Guillermo must consider all aspects of each option by considering budget and performance reports, ethics of his business, and pertinent accounting information. Budget and Performance Reports
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