Understanding Business Challenges: The Monica Potter Home Case Study

What was the annual loss of Monica Potter Home?

• $125,000

• $75,000

• $50,000

• $100,000

What was Monica Potter's primary business?

• Fashion and beauty

• Acting and directing

• Health and home goods

• Restaurant and catering

What was the main reason Monica struggled with her business?

• Distance management

• High prices

• Poor product quality

• Lack of interest

Where did Monica Potter open her first retail store?

• Los Angeles, California

• Jarrettsville, nearby Cleveland

• Cleveland, Ohio

• New York City, New York

What was the signature product of Monica Potter Home?

• Seabuckthorn balm

• Lavender room spray

• Scented candles

• Organic skincare

How much personal investment did Monica put into her business?

• $2,000,000

• $1,500,000

• $1,000,000

• $500,000

How did Monica initially fund her business?

• Savings from acting

• Crowdfunding

• Investor funding

• Bank loans

What was the proposed investment to revamp Monica Potter Home?

• $150,000

• $100,000

• $50,000

• $200,000

Who was in charge of day-to-day operations at Monica Potter Home?

• Monica Potter

• Katie

• Jessica

• The business expert

What was the main focus of the business revamp?

• Reducing product range

• Improving online presence

• Expanding retail stores

• Increasing product prices