Two partners own together a small landscaping business in NorthCarolina, called.
Two partners own together a small landscaping business in NorthCarolina, called Summer Lawn Care. They have been specializing in summergrass seeding, installation, and maintenance. Recently, the partnersacquired special technology and know-how for winter grass installationsand maintenance. They also added a tree cutting service as recent stormsin the area had caused demand for this service to soar. One of thepartners insists that the name of the business should change to Lawn andTree Care, so that it better reflects the range of services and, thus,generates more customer interest, and thus contracts. The second partnerwants to keep the old name and argues, “We have already paid forbusiness cards, vehicle paint, signage, and ads in Yellow Pages”. Evaluate the arguments of the two partners. Explain and illustrate theirpoints by identifying the relevant and irrelevant costs for thisdecision.
In 250 words or more, please, provide your response to the abovediscussion question. Identify all the costs in the decision process,including explicit costs, implicit costs and sunk costs. . Substantiveresponses use theory, research, and experience or examples to supportideas and further the class knowledge on the discussion topic