Problem Statement Jim Smith, owner and founder of The Smith Syrup Company, would like to decide if he should keep his business open. With the company’s large debt structure, limited product distribution, and annual production capacity about thirty times its actual sales volume, should Mr. Smith keep his business going? And if so, what actions should he take to accomplish this? Alternatives The alternatives Mr. Smith has available to him are: Close the company and end all production. Keep the company up and running but re-evaluate how to market and manufacture the product. Keep the company up and running but only long enough to pay off the bank loan. If Mr. Smith chooses option 1 then he can save money from cutting all costs associated with labor, production, costs of ingredients, etc. The only problem with this option is the question of how to pay off the bank loan. If Mr. Smith chooses option 2 it could possibly set him back again with even more debt. Once he pays off the bank loan it could turn profitable if he makes the right decisions to effectively market and manufacture his product. If Mr. Smith chooses option 3 he can break even by paying of the loan. Decision Conclusion To conclude, Mr. Smith can go either way with his decision for his company. If Mr. Smith gains more knowledge in managing a business he can start to see his mistakes and begin to correct them. Thus creating more products and generating more profit. If he can continue to market his syrup efficiently, Mr. Smith could possibly create a well known label....