Guillermos Furniture Scenario

In: Business and Management

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Guillermo’s Furniture Store Concepts

Denisse Cruz

FIN/571

March 19, 2013
James Ciaramella

Guillermo Furniture Store Concepts Paper

First week (1st) individual assignment was write no more than 800 word paper explaining the finance concepts found in the Guillermo Furniture Store Concepts Paper and relate finance concepts to the context of the scenario. Following Finances Concepts and relationship with scenario assigned.
Finance
Finances are the studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects.
Finance is defined as the set of activities and administrative decisions that lead a company to finance the acquisition of fixed assets such as land, buildings, furniture, etc. and circulating such as cash, accounts and notes receivable, etc. The analyses of these decisions are based on the flows of income and expenditure and its effects on management objectives that the company intends to achieve.
The definition of finance comprises several factors that are involved directly with them and some of them are such as investment, brokerage, personal financial planning, financial planners and advisers, securities analysts, agents real estate, etc.
Finance Concepts at Guillermo’s Scenario

1 Guillermo Navallez, is an entrepreneur localized in Sonora Mexico. Sonora Mexico is a large furniture manufacturing location in North America. Guillermo handling his small business about furniture for years near his Sonora home. In this sector labor is relatively inexpensive and Guillermo priced his handcrafted products at a slight premium for the quality they represented. Guillermo’s business was in a privileged position. Late 1990’s Guillermo faced big competitors. According to this situation Guillermo spent some…...

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