Brian clothing and shoe world is a sole trader business. It involved in both retail and wholesale quantity. The business acquire its product form the U.S.A where a 5% is added on the price of the product.
Type of business
Sole trader.
Nature of business
1.Clothing and shoes
2. my business deals with wholesale and retail
Objectives
1. to make a profit from my business.
2. to reach a common goal.
3. to give customer their wants needs.
1 Justification of location 2
16 strand, New Amsterdam, Berbice, Guyana.
Three reasons to justify location 1. The place is well populated. 2. It is next to a shipping company. 3. It is next to the market and is where half the population go to.
The map of Guyana showing the location of my business
2 Selection of appropriate labour 3
Brian clothing and shoe world need appropriate laboures to carry out different task in the business they are selector according to their profession in term of:
Type of labour necessary 1. Unskilled worker. 2. Semiskilled worker. 3. Skilled worker.
Number of persons to be employed
3 persons.
Skilled | unskilled | semiskilled | total | 1 | 1 | 1 | 3 |
Their duties 1. Skilled worker-deals with the shipping company and my paper work. 2. Unskilled worker-clearing the business. 3. Semiskilled worked-help the customer.
3
One reason why this type of labour is necessary
To help me in the business and out business.e.g if a shipment of shoes come in the country my skilled working will go get it form the shipping company.
Sources of fixed and working capital 4
Fixed capital 1. Loan 2. Personal savings 3. Example: the fixed capital is when you donot have working capital.
Working capital 1. Cash in bank. 2. Cash in hand. 3. Day to day sales. 4. Example: the working capital is where the capital will be in use.
4
Role of the entrepreneur 5 1. Planned for the formation and