ACTIVITY 2: Starting a Business Given the list of possible business ideas below or you may use your own business idea, answer the questions that follow, to know how far is your understanding in organizing a business. Computer Shop Beauty Salon T-shirt Printing Shop Food Cart E- Loading Business Photography 1. What type of business would you like to start? 2. How would determine if there is a demand for the goods or services you would like to sel? 3. What kind of building or office would you need? Is the location important? Why or why not? 4. What kinds of equipment, tools, furniture, and other supplies will you need? 5. What kinds of skills will your employees need? Will it be difficult to find workers with these skills? 6. How will you let people know about your business? 7. Where will you get the money you need to pay for a building, tools, and equipment, raw materials or merchandise, workers, and advertising? 8. What would you say to convince a banker, a friend, or a family to lend you money to start a business?

ACTIVITY 2: Starting a Business Given the list of possible business ideas below or you may use your own business idea, answer the questions that follow, to know how far is your understanding in organizing a business. Computer Shop Beauty Salon T-shirt Printing Shop Food Cart E- Loading Business Photography 1. What type of business would you like to start? 2. How would determine if there is a demand for the goods or services you would like to sel? 3. What kind of building or office would you need? Is the location important? Why or why not? 4. What kinds of equipment, tools, furniture, and other supplies will you need? 5. What kinds of skills will your employees need? Will it be difficult to find workers with these skills? 6. How will you let people know about your business? 7. Where will you get the money you need to pay for a building, tools, and equipment, raw materials or merchandise, workers, and advertising? 8. What would you say to convince a banker, a friend, or a family to lend you money to start a business?

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment

Section: Chapter Questions

Problem 4CRQ: What is a firms micro environment, and why is it important?

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