lolilaughed

It doesnt' say anything about submitting your SAT scores. I think this is fair because middle school can apply too

joecart

Mary’s Marvelous Makeup has been in operation for 14 years. Mary and her late husband George opened the small business investing most of their
personal savings. George died suddenly a little over one year ago. Mary, age 55, continues to operate the business. She plans to do so until her retirement
in about ten years. Mary has four grown children who live out of state. They visit several times a year but have no plans on taking over the family
operation.
When the business first opened George and Mary prepared a lengthy business plan to secure bank financing to accompany their personal savings. Mary
managed the day-to-day operations of the store while George selected merchandise and waited on most of the customers. Mary continues to attend market
twice a year purchasing the most up-to-date merchandise for the store.
Mary’s Marvelous Makeup is located in a small community of approximately 6,300 people. The town has three major employers: a small manufacturing
plant employing 150 people, a medium-security state-operated prison employing 145 people, and a meat processing plan employing 70 people. The store
is located along the downtown city square across from the post office. The store is open from 9:00 a.m. to 5:00 p.m. six days a week. Two big display
windows face the post office. Mary is proud of the fact that she changes the window displays promptly on the first of each month.
The store offers a wide selection of small, unique makeup products along with an assortment of tasty candies and international coffees. Mary recently
added a small assortment of silk flowers and helium balloons. A major retail chain store is located on the edge of the city next to the community’s only
supermarket. The closest real competitor for Mary is located in a shopping mall approximately 80 miles away. Two local florists offer a wide selection of
silk flower arrangements. They also deliver balloons with their floral arrangements upon request.
Regular customers know they can find the “perfect” gift if they shop at Mary’s Marvelous Makeup. As a service to her patrons, Mary will gift-wrap and
deliver anywhere in town free of charge. Local customers can charge their purchases. Currently Mary has accounts receivable of about $4,000. Customers
are served promptly since seven part-time employees rotate shifts in the store. Mary tries to keep four part-time employees working each day. Lately several
people have commented that Mary spends a lot of time in the local coffee shop about one block from the store. Mary visits the coffee shop three times each
day and always slips a few dollars out of the cash register before each trip to pay for her coffee and snacks.
Mary feels that advertising is very important to the image of the store. George used to coordinate a promotion each month. Mary just takes the easy approach
now and buys advertising from either the local newspaper or radio station – depending upon which salesperson walks through the door first each week.
As Mary opened the mail today, she received two noticed from suppliers that she is behind on her payments. Her bank note of $550 is due next week. She
only has eight more bank payments to make and her loan will be paid off, leave the store debt free except for current obligations. The part-time employees
must be paid at the end of the week. Mary looks at the business checkbook and realizes that she barely has enough money to cover the expenses this week.
She starts to worry about next week. What recommendations do you have for Mary and for the future operations of Mary’s Marvelous Makeup?

This by far seemto be the hardest maybe it's just intimidating because of the amount of words it has.

Anyone have any helpful hints

Alucard00

check the other thread. you shoudl compare the profits and costs to see if you should close down the store.

lolilaughed

For the National NOVA Scholar Challenge thing Business Contest NOVA CHALLENGE (<-its updated)

do they recognize you immediately or do you have to wait until the end?

either way it will look nice.

choliheung

you need to wait until july 31st when results come out..

or email them

champ7

Ya can u guys imagine saying you got national recognition from a business contest thingy. The name sounds really cool National Nova Scholar like you've done something really important, but it's only recruiting! I guess it's a good way to promote awareness and help people get educated cause even if they dont place they still learn stuff.

choliheung

Yes, I find that just writing the answers for the prompt takes quite a bit of studying -_-

lolilaughed

ok so I got 5 people....I just wait for July 31st or May 31st? it would make sense may 31st because they get all their submissions then and no one can submit more?

champ7

I think you'll be recongized for the stuff july cause they can't do it may 1t cause thats when they will receive all the apps. I'd start referring ppl though i mean cmon free award basically Imma tell everyone i know to put my name under the referrer boxincrease my chances for getting $$$

joecart

here in NY, nova is pretty big. it wasnt hard getting 5 people

lolilaughed

q: for profits v cost is it marginal, overall? im confused

champ7

It's sooo easy to get Nova Scholar! i just signed up 5 more people... hope i get them to win.

hellothere111

wow i never knew about this nova scholar award can you describe it to me? Sorry if you might have already, im just not so sure

lolilaughed

5 people sign up to compete...and you get a merit for it for spreading business knowledge because just having people submit an application actualyl takes up a lot of time...

yea, and you get money if they place. pretty cool to me.

where i am, nova is partnered w/ our school or something

limitofme

thats hella cool, Business Contest NOVA CHALLENGE rocks, wow ima go IM 5 of my friends right now haha