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- 8. Managers in a small firm use the PESTLE model to consider a new venture. They have discussed the social, legal, political, and economic effect of the venture. Which other consideration should they deliberate? A.Threats B.Strategy C.Environment D.ProfitabilityIn the years since it was founded in 1973, the Sacramento Natural Foods Co-op has blossomed into a $15 million business. With 7,000 member-owners, it is the second-largest single-store grocery cooperative in the nation in terms of sales and volume. However, when a vocal minority of its democratic membership quashed plans to expand to a second store, the business was at a crossroads. “Things were so bad,” said the board of director’s member Peter Keat, “that we literally felt paralyzed as an organization.” With tensions running high, Cultrera interviewed Eric Douglas of Leading Resources Inc. (LRI). Cultrera was impressed by Douglas’s track record for managing change and gaining consensus within large organizations. “I was looking for someone with really good communication skills,” Cultrera said. “Someone skilled at working with diverse constituencies.” D2K: Establishing Trust as a Foundation for Long-term Growth Together Douglas and Cultrera mapped out a five-stage process they called…1) what role did Tammy Bird and Melinda McMullen play in the development of Food from the hood? How did each of them help develop the skills and their business?
- Nature cosmetics is a new business in Nizwa, which manufactures cosmetic products using organic raw materials. Salma is the owner of the business and she proudly says, all their products are made from natural and organic raw materials and won’t have any side effects on skin and hair. In SWOT analysis, this will come under a. Opportunities of business b. Threats of the business c. weakness of business d. Strengths of businessKhaveena plans to open a start-up company to manufacture skin care products in Rawang Industrial area. She has 20 years working experiences in the skin care industry. In her business plan, she plans to sell a variety of skin care products and will be marketed to several ASEAN countries. She seeks your opinions on additional business strategies that should be included in her business plan. What are the indicators of a good business plan? How do you know that the business venture has the qualities of promising business opportunity? Explain FOUR (4) feasibility analyses that Khaveena must conduct to know the viability of the business. Do you think it is worth for Khaveena to market her company’s products through ASEAN country? Justify your answer.Johnny and Ash have not yet incorporated their new company. However, each has already invested $50 000 into the business by depositing the money into Johnny’s business account. Johnny is negotiating the purchase of a small factory in his own name, and is purchasing the equipment and materials he will need to start manufacturing Organicola. Ash has also started spending 2 or 3 hours every evening writing a business plan and a marketing plan. (1) Have Johnny and Ash formed a partnership? If so, what are the legal consequences?
- Title: Choosing the Right Form of Business for a Digital Start-upIntroduction: Nadia is an aspiring and driven entrepreneur with a passion for the digitalworld and she has an innovative idea for a new mobile app. She wants to establish her digitaltechnology start-up, but she's unsure about the most suitable form of business for her venture.Nadia's app, called "Edu Spot," aims to revolutionize the way people manage, track andcomplete their courses and assignments during university. She has conducted marketresearch, developed a business plan, and is now ready to formalize her business structure.Options for Business Forms:1. Sole Proprietorship: Nadia could choose to operate as a sole proprietor. This is thesimplest and least expensive form of business to establish. However, she would haveunlimited personal liability for the business's debts and obligations.2. Partnership: Nadia could partner with a friend Tom, who has complementary skillsand resources . They would share profits, losses,…Title: Choosing the Right Form of Business for a Digital Start-upIntroduction: Nadia is an aspiring and driven entrepreneur with a passion for the digitalworld and she has an innovative idea for a new mobile app. She wants to establish her digitaltechnology start-up, but she's unsure about the most suitable form of business for her venture.Nadia's app, called "Edu Spot," aims to revolutionize the way people manage, track andcomplete their courses and assignments during university. She has conducted marketresearch, developed a business plan, and is now ready to formalize her business structure.Options for Business Forms:1. Sole Proprietorship: Nadia could choose to operate as a sole proprietor. This is thesimplest and least expensive form of business to establish. However, she would haveunlimited personal liability for the business's debts and obligations.2. Partnership: Nadia could partner with a friend Tom, who has complementary skillsand resources . They would share profits, losses,…Title: Choosing the Right Form of Business for a Digital Start-upIntroduction: Nadia is an aspiring and driven entrepreneur with a passion for the digitalworld and she has an innovative idea for a new mobile app. She wants to establish her digitaltechnology start-up, but she's unsure about the most suitable form of business for her venture.Nadia's app, called "Edu Spot," aims to revolutionize the way people manage, track andcomplete their courses and assignments during university. She has conducted marketresearch, developed a business plan, and is now ready to formalize her business structure.Options for Business Forms:1. Sole Proprietorship: Nadia could choose to operate as a sole proprietor. This is thesimplest and least expensive form of business to establish. However, she would haveunlimited personal liability for the business's debts and obligations.2. Partnership: Nadia could partner with a friend Tom, who has complementary skillsand resources . They would share profits, losses,…
- Title: Choosing the Right Form of Business for a Digital Start-upIntroduction: Nadia is an aspiring and driven entrepreneur with a passion for the digitalworld and she has an innovative idea for a new mobile app. She wants to establish her digitaltechnology start-up, but she's unsure about the most suitable form of business for her venture.Nadia's app, called "Edu Spot," aims to revolutionize the way people manage, track andcomplete their courses and assignments during university. She has conducted marketresearch, developed a business plan, and is now ready to formalize her business structure.Options for Business Forms:1. Sole Proprietorship: Nadia could choose to operate as a sole proprietor. This is thesimplest and least expensive form of business to establish. However, she would haveunlimited personal liability for the business's debts and obligations.2. Partnership: Nadia could partner with a friend Tom, who has complementary skillsand resources . They would share profits, losses,…1. The most powerful cause of a person’s needs, wants and behavior.A. Attitude B. Behavior C. Culture D. Discipline 4. A key to build a sustainable competitive advantage.A. Employer B. Manager C. Team Leader D. Employee 7. All are included in a Strategic Management tasks performed in a retail firm except;A. Identify the Target Market B. Develop a Retail strategy C. Budget Planning D. Select Location 10. A place organized to implement specific business operations of the Retail Organization.A. Market B. Income C. Business D. Location 13. All are included in a Merchandise Management tasks performed in a retail firm except; A. Buy Merchandise B. Merchandise Strategy C. Price Merchandise D. Control Merchandise Inventory 14. The Most valuable resources in Retail business organization.A. Financial Resources B.…11. As an entrepreneur, Mr. Abdullah has always hoped to expand his business to many countries in the world, among which is South Korea. Before making a decision to invest, what are the factors/conditions that Mr. Abdullah need to consider about South Korea? Discuss.