explain what should be considered by a business owner or an entrepreneur in the choice of a suitable form of business organization ?
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- In determining the purpose of existence of a business, explain 4 steps that a business goes through to achieve a competitive advantage.In determining the purpose of existence of a business, examine the four steps that a business goesthrough to achieve a competitive advantage.PART III - 3. Discuss the different types of Business and explain their advantages to each other.
- What are the eight major functions of Business?Assuming that you are going to venture into one of Small & Medium Enterprises (SME)in line with the food industry in your hometown. Discuss 3 (THREE) major externalforces and 3 (THREE) internal forces that you need to consider for your future business.Describe a successful businessman you know.also explain why you consider him/her as a successful business person?
- The decision to behave entrepreneurially is the result of the interaction of: * The existence of a viable business idea and relevant business organization The existence of a variable business idea and irrelevant business organization The individual’s personal entrepreneurial competencies and potential The individual's personal entrepreneurial mindset and an opportunityIllustrate a sample of each type of business organizationHow important is corporate identity and image? Are these factors relevant to business viability?
- What is a business model? Why is it important for a firm or Company to have a business model? Provide and discuss an example of a specific company's business model to illustrate your answer.How do demographic trends, such as population growth, aging populations, and urbanization, shape the business environment, and what implications do they have for businesses?Briefly explain your understanding of the responsibilities of a business to society.