Case Study:

Read the case study Running a Business:

Part 1 - Using information from the written case and the video, thoroughly answer the following questions:

1. For a business to be organized, it must combine four kinds of resources. List and describe the four categories of business resources and then provide at least three examples Graeter's would likely use in each category.

2. Discuss the two views of social responsibility. Which view of social responsibility does Graeter's management appear to take-the economic view or the socioeconomic view? What evidence in the case supports your answer?

3. Who does Graeter's consider as the company's real competition? Do you agree or disagree with his assessment? Explain why or why not.

4. Assume that Graeter's wanted to enter the international market. What would be the fastest, easiest, and safest way for them to do so? Explain why you selected this method.