Why Is Raising Capital Critical To Success Of A Business Case Study
Lesson 2.1
Which type of business takes resources from nature to make its products? Name several examples.Extractors take resources from nature to make their product. Some examples are oil refineries, coal, copper mines, and lumber mills.
Why is raising capital critical to success of a business? One of the most challenging aspects of running a business is raising capital. Financial resources are needed to purchase buildings and equipment, hire and train employees, and obtain items needed for day to day operations.
If you were to start any one of three types of businesses, and had access to all the resources needed, what kind would start and why? I would start a producers business. That would be the business I started because it seems like …show more content…
Lesson 2.2
What activities do managers perform during the planning process? During the planning process the managers perform the process of thinking, gathering, and analyzing information also making decisions about all phases of the business.
How many sole proprietorships are there in the U.S.? Why are there so many? 70 percent of business in the U.S are operated as sole proprietorships. There are so many because it is easiest form of business to start off and to end. There are not as many legal requirements as well.
What are some of the advantages of operating a business as a franchise rather than just going into business on your own? Some advantages of operating a business as a franchise is that it's a great way to find talented people to work for you. People generally prefer to invest in running a business in return for profit. Therefore, you will get people that will work harder to build your business. Another advantage is easy expansion capital. This is good because you pay to buy outlets in your chain, you can grow the number of locations without needing to request financing from …show more content…
Staffing requires you to hire and train other people but i am not a people person, so staffing would be the hardest for me
Which of the five key management activities do you think would be the most challenging for you to perform? Why? Of the five key management activities , planning would be the most challenging for me to perform. Planning would be the most challenging for me to perform because its the process of thinking, gathering, and analyzing infromation, and also making decisions about all phases of the business. You must set goals and standards for the business and strategies and measurements are set for achieving them.
How are the business activities of planning and controlling related? The business activities of planning and controlling are related because they are both focused on planning what needs to be done for the business. Without the basics of planning contolling activities become baseless. If their is no planned performance then the controlling manager will not know what is okay and what is not
Which type of business takes resources from nature to make its products? Name several examples.Extractors take resources from nature to make their product. Some examples are oil refineries, coal, copper mines, and lumber mills.
Why is raising capital critical to success of a business? One of the most challenging aspects of running a business is raising capital. Financial resources are needed to purchase buildings and equipment, hire and train employees, and obtain items needed for day to day operations.
If you were to start any one of three types of businesses, and had access to all the resources needed, what kind would start and why? I would start a producers business. That would be the business I started because it seems like …show more content…
Lesson 2.2
What activities do managers perform during the planning process? During the planning process the managers perform the process of thinking, gathering, and analyzing information also making decisions about all phases of the business.
How many sole proprietorships are there in the U.S.? Why are there so many? 70 percent of business in the U.S are operated as sole proprietorships. There are so many because it is easiest form of business to start off and to end. There are not as many legal requirements as well.
What are some of the advantages of operating a business as a franchise rather than just going into business on your own? Some advantages of operating a business as a franchise is that it's a great way to find talented people to work for you. People generally prefer to invest in running a business in return for profit. Therefore, you will get people that will work harder to build your business. Another advantage is easy expansion capital. This is good because you pay to buy outlets in your chain, you can grow the number of locations without needing to request financing from …show more content…
Staffing requires you to hire and train other people but i am not a people person, so staffing would be the hardest for me
Which of the five key management activities do you think would be the most challenging for you to perform? Why? Of the five key management activities , planning would be the most challenging for me to perform. Planning would be the most challenging for me to perform because its the process of thinking, gathering, and analyzing infromation, and also making decisions about all phases of the business. You must set goals and standards for the business and strategies and measurements are set for achieving them.
How are the business activities of planning and controlling related? The business activities of planning and controlling are related because they are both focused on planning what needs to be done for the business. Without the basics of planning contolling activities become baseless. If their is no planned performance then the controlling manager will not know what is okay and what is not