Describe any five risks that small businesses are exposed to in their operations.
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QUESTION 2
a. Describe any five risks that small businesses are exposed to in their operations.
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- QUESTION #1 Mrs. Johnson, the owner of a small manufacturing business has patented a new device for kitchen appliance. Before trying to commercialize the device and add it to her existing product line, the she wants reasonable assurance of success. Variable costs are estimated at $8 per unit produced and sold. Fixed costs are about $60,000 per year. a. Forecasted sales for the first year are 15,000 units if the price is reduced to $20. With this pricing strategy, what would be the product's total contribution to profits in the first year? b. If the selling price is set at $30, how many units must be produced and sold to break even? Use both algebraic and graphic approachesModule 5 Question 8 Mayborn Enterprises, LLC runs a number of sporting goods businesses and is currently analyzing a new T-shirt printing business. Specifically, the company is evaluating the feasibility of this business based on its estimates of the unit sales, price per unit, variable cost per unit, and fixed costs. The company's initial estimates of annual sales and other critical variables are shown here: Base CaseUnit sales 7,500Price per unit $16.00Variable cost per unit $10.00Fixed cash expense per year $10,000Depreciation expense $4,000 a. Calculate the accounting and cash break-even annual sales volume in units. b. Bill Mayborn is the grandson of the founder of the company and is currently enrolled in his junior year at the local state university. After reviewing the accounting break-even calculation done in part a, Bill wondered if the depreciation expense should be included in the calculation. Bill had just completed his first finance class…First-line Managers – Question 15 options: Have direct responsibility for producing goods or services It includes Foreman, supervisors, clerical supervisors Both A&B None
- Question: Explain the concept of risk and risk management processes from an insurance company´s perspective, and discuss one risk management tool used to mitigate institutional risk within the sector.QUESTION 1With the aid of examples, discuss five utility programmesQUESTION 2 A. In Akhwan Company, operations director Mr Tamad recently realized there had been an increase in products failing during the final quality checks. These checks were carried out in the QC (quality control) laboratory, which tested finished goods products before being released for sale. The product failure rate had risen from 1% to 4% in two years' time which meant an increase of hundreds of items of output a month which were not sold to Akhwan's customers. The failed products had no value to the company once they had failed QC as the rework costs were not economic. Because the increase was gradual, it took a while for Mr Tamad to realize that the failure rate had risen. A thorough review of the main production operation revealed nothing that might explain the increased failure and so attention was focused on the QC laboratory. For some years, the QC laboratory at Ikhwan, managed by Ramly, had been marginalized in the company, with its two staff working in a remote…
- Question Before setting up any new venture, it is vital that a budding entrepreneur does his groundwork and prepare for his entrepreneurial journey. One of the most important step is doing a feasibility analysis. A well-planned and carefully executed feasibility analysis can almost guarantee the long-term success of any new venture. Mr. Brian Tan wants to set up his own business after working in several companies in varied industries over the last 22 years. He has adequate experience in each of these industries. Suggest practical ways how Brian could conduct a feasibility analysis for the following four potential businesses he is interested in: A music school for adults; A fitness centre for women; A pet sanctuary; and A night club for young adults Since his finances are limited and a mistake can be very costly at his age, Brian needs to ensure he steps into the right business. As an entrepreneurship education expert, he seeks your advice. How would you suggest he make his…Q1. Discuss, in what ways do supply chain affect the success or failure of a firm such as Aga Khan Hospital?Q1.How is Services Operations management different than Product Operations management? Explain with an example.
- Question 15 $1 h $0.50 $0.75 Estimate the cost of a stock-out if the margin is $1 and half the time the customer simply doesn' buy anything. $0.25 B Question 16 nwacc.instructure.com TH 2 mond of 6. Unfortunatel:If a company’s competitive advantage is based on reliability and exceptional service, what type of competitive advantage is this? Question 5 options: a) Product/services differentiation competitive advantage b) Cost competitive advantage c) Niche competitive advantage d) Situational competitive advantageQuestion Before setting up any new venture, it is vital that a budding entrepreneur does his groundwork and prepare for his entrepreneurial journey. One of the most important step is doing a feasibility analysis. A well-planned and carefully executed feasibility analysis can almost guarantee the long-term success of any new venture. Mr. Brian Tan wants to set up his own business after working in several companies in varied industries over the last 22 years. He has adequate experience in each of these industries. Suggest practical ways how Brian could conduct a feasibility analysis for the following four potential businesses he is interested in: A music school for adults; A fitness centre for women; A pet sanctuary; and A night club for young adults Since his finances are limited and a mistake can be very costly at his age, Brian needs to ensure he steps into the right business. As an entrepreneurship education expert, he seeks your advice. How would you suggest he make his…