After you graduate, you are hired into a local company that sells old-technology medical equipment. The company has had a lot of very profitable years, but they have recently fallen on hard times. The Food and Drug Administration (FDA) regulations on medical equipment and foreign competition in the home market have eroded their sales and profitability. The company now faces some hard decisions, and you have been brought in to help guide them through the next couple of years.
1 . Jean, the company CEO, says that she has been reading in the journals lately that there seem to be government programs that can help her compete against those foreign competitors in the domestic market. She asks you to give her at least three ways that the government can help her domestic company and to explain how each of them work and how they can benefit her business?