PRINCIPLES OF BUSINESS
SCHOOL BASED ASSESSMENT
CANDIDATE NAME: DEMARIEO WILLIAMS
DATE OF SUBMISSION: NOVEMBER 29,2013
Table of Content
Description of the business………………………………………………………………………………1
Justification of location…………………………………………………………………………………….2
Selection of appropriate labour……………………………………………………………………….3
Source of fixed and working capital………………………………………………………………….4
Role of the entrepreneur………………………………………………………………………………….5
Type of production……………………………………………………………………………………………6
Level of production…………………………………………………………………………………………..7
Quality control measures………………………………………………………………………………….8
Use of technology…………………………………………………………………………………………….9
Linkages……………………………………………………………………………………………………………10
Potential of growth…………………………………………………………………………………………..11
Government regulations…………………………………………………………………………………..12
Ethical issues…………………………………………………………………………………………………….13
Description of the business
Extraterrestrial fashionz will be established as a partnership business, where 2 persons will join together to carry on this business with a view of making a profit. This partnership business will produce made-to-order clothing for young straight up to the elderly. This business will produce all types of clothing like: unique T-shirts, shirts, pants, shorts, jackets etc... to meet the demands of customer satisfaction. The objective of ‘extraterrestrial fashionz’ will be to provide the best and affordable clothing also to make 100% profit by ensuring customer’s satisfaction.
Justification of location
Extraterrestrial fashionz will be located at 27 half way tree road, Kingston 10. Reason for this is because half way tree has always attracted thousands of people daily due to the trendy store, fast food restaurants, and chill-spots. Market pull will be easily obtained where potential customers can be found.
This location will be ideal, with the fact that all needs necessary will be ensure