(a) Identify THREE (3) primary reasons for entrepreneurs starting their own business. Explain each of them. (6 marks) The three primary reasons for entrepreneurs starting their own business are they desire to be their own boss. Besides‚ they also desire to pursue their own ideas‚ and realize financial rewards. The first of these reasons is entrepreneurs desire to be one’s own boss. This is given most commonly. This doesn’t mean‚ however
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REPORT ON HOVERCRAFT ACQUISITION (Prepared for Pakistan Petroleum Limited) Prepared by: Abdul Basit Submitted to: Sir Rahat hussain (Chief Analyst- Business Development Department) TABLE OF CONTENTS INTRODUCTION ......................................................................... 3 BACKGROUND ........................................................................... 3 ADVANTAGES OF HOVERCRAFT.............................................. 4 SERVICE PROVIDED BY HOVERCRAFT
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Suppliers and the ordering process The ordering process can sometimes be a source of unnecessary costs. This might happen as OBS deals with too many suppliers and there is no clear ordering policy or guidelines as ordering is not centralised. Thus there are insufficient internal controls against mistakes and/or fraud. Reducing the number of suppliers that OBS deal with can often result in savings‚ especially if it gives you the opportunity to improve relationships with the remaining suppliers and
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tastes and preferences‚ and could offer the most suitable product‚ which means sure customer base and profits‚ and increase of them. A disadvantage could be that these shops have a limited number of customers at the store in same time. These are small shops‚ which doesn’t have a large space and can’t afford lots of customers. Therefore‚ if there are lots of customers and there is no space for more customers‚ these customers who can’t enter at the shop (because of the space) will go to another shop
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M2 limitation of market research Limitation of market research – (what stops red bull and under take their research) How is this limitation/ how it relates to Red Bull * Participant (primary) Consent – whether they are happy to provide information‚ storage of information * Access to secondary research – copyright * Complete the research within the time scale (take long time participate) – trends/ fashion‚ competitors-new product (being a head of the competitors) filling the gap
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Unit13. Recruitment and Selection in Business. Assignment no: 1 Title: Recruitment Planning Introduction In this assignment I will be explaining the process involved in recruiting planning in Tesco and British gas and explain the implications of the regulatory framework for the process of recruiting and selection in the two organisations. Tesco is one of the most established organisations in the retail industry. Tesco has a lot of stores in the UK which ranges from local shops‚ super markets
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For my assignment I have been asked to explain the role of supportive relationships in reducing the risk of abuse and neglect. Supportive relationships help reduce stress and improve an individual’s general health and well-being. The more people in an individual’s life it is more likely that they will have a supportive relationship with one of them. It is important to make time to develop and reinforce relationships by meeting up with them by going out and having fun with them. Developing an
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DIAMOND FROM SIERRA LEONE CONTENTS 1. GENERAL 2. INITIAL REQUIREMENTS GENERAL For the last 2 years our company has been closely following the Sierra Leanean diamond “Industry” if we can call it that. Sierra Leone is a small country in West Africa mainly known because of the bloody and vicious civill war which ended about 3 years ago. I have visited this country a few times – each time for a period of 1 month or more. During those vistts I tried to familiarize myself
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Small is Beautiful The ET Global Business Summit 2015 has been in the news for some time now. Narendra Modi’s address on the first day spanned various developments in the Indian economy and its revival ever since the new government took over. Words like “Swacchagraha”‚ “more crops per drop” were the highlights of the speech. But what really did catch my attention was a simple 3 letter phrase “Small is beautiful”. A book by EF Schumacher of the same name‚ this ideology stresses on economic simplicity
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TITLE PAGE 1. Title Page………………………………………………………………………..2 2. What Is a Small Business and Where Did it Originate?.............................4 3. Firm Size…………………………………………………………………………7 4. Legal Status of a Small Firm…………………………………………………..8 5. The Qualitative Features of Entrepreneurship in Small Enterprise………..9 6. The Place of the Small Firm in the Russian Economy……………………..10 7. A List of Problems That Private Enterprise Faces in Russia (Conclusion).11 8. Reference Page………………………………………………………………
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