UniFuture - Business and Management
UniFuture
1 – Define the term ”tertiary sector”: o Business activity firms that provide services to consumers and other businesses, such as retailing, transport, insurance, banking, hotels, tourism and telecommunications.
2 – Define the term “partnership”: o A business formed by two or more people to carry on a business together, with shared capital investment and, usually, shared responsibilities.
3 – Examine two arguments in favor of setting up the proposed UniFuture business: o Suyin has experience as a financial advisor, which could, or probably would, be a huge asset, since she could manage the accounting of the business on her own, and that way save money on not having to hire a bookkeeper, which also could benefit the trust issue on that department, because she would know everything that is going on, financially, in the business.
Mary has extensive experience as a career and university advisor. She knows the area of which they intend to provide service. She has the qualifications and she would know what she was doing and leading the costumers into. Mary has previously been giving these kinds of advices and therefore she is familiar with the service area, she is offering.
o Suyin and Mary are friends, and that would probably also mean that their level of trust would be rather high towards each other. They would each other more than if they were starting up the business with someone from the outside. And since they’ve never had a serious argument, you could imagine that they work well together. And would be able to handle the complications the business might face in the future, well together.
4 – Comment on two problems that UniFuture could face as a start-up business: o They are both young mothers, which mean they have children to take care of. They can only run the business when the kids are at school, or when their husbands are home from work. That means that they might only be able to manage the business as a part time job, because they
1 – Define the term ”tertiary sector”: o Business activity firms that provide services to consumers and other businesses, such as retailing, transport, insurance, banking, hotels, tourism and telecommunications.
2 – Define the term “partnership”: o A business formed by two or more people to carry on a business together, with shared capital investment and, usually, shared responsibilities.
3 – Examine two arguments in favor of setting up the proposed UniFuture business: o Suyin has experience as a financial advisor, which could, or probably would, be a huge asset, since she could manage the accounting of the business on her own, and that way save money on not having to hire a bookkeeper, which also could benefit the trust issue on that department, because she would know everything that is going on, financially, in the business.
Mary has extensive experience as a career and university advisor. She knows the area of which they intend to provide service. She has the qualifications and she would know what she was doing and leading the costumers into. Mary has previously been giving these kinds of advices and therefore she is familiar with the service area, she is offering.
o Suyin and Mary are friends, and that would probably also mean that their level of trust would be rather high towards each other. They would each other more than if they were starting up the business with someone from the outside. And since they’ve never had a serious argument, you could imagine that they work well together. And would be able to handle the complications the business might face in the future, well together.
4 – Comment on two problems that UniFuture could face as a start-up business: o They are both young mothers, which mean they have children to take care of. They can only run the business when the kids are at school, or when their husbands are home from work. That means that they might only be able to manage the business as a part time job, because they