Key West Key Lime Pie Company: A Business Transformation
Authored by Patrick Rady
Business
11th Grade
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Key West Key Lime Pie Company known for?
Beachfront properties
Luxury spa services
Seafood cuisine
Award-winning desserts
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What major issue is the owner of the company facing?
Lack of creativity
Understaffing
Micromanagement
Overexpansion
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was Marcus's initial offer to the Key West Key Lime Pie Company?
$200,000 for 75% equity
$1 million for 25% equity
$450,000 for 51% equity
$500,000 for 49% equity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What condition did Marcus set for his investment?
Closing all retail stores
Creating a proprietary recipe
Firing half of the staff
Rebranding the company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the company decide to improve its pie crust?
Making it fresh in-house
Using a cheaper ingredient
Discontinuing the crust
Outsourcing production
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What significant change was made to the employee's compensation?
Reduced working hours
Stock options
Increased salary
Flexible work location
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the outcome of the business transformation?
Increased national recognition
Partnership with a major retailer
A more focused product line
Expansion into new markets
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