Answered: Select an Entrepreneur from Pakistan…

Select an Entrepreneur from Pakistan who has started his/her business from very low level and made it successful .History and initial challenges he/she have faced and Current business standing

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter1: Exploring The World Of Business And Economics

Section: Chapter Questions

Problem 1DQ

See similar textbooks

Related questions

Q: How is marketing related to enhancement of agriculture growth? explain briefly

A: Marketing is the activities that a company performs in order to promote the buying or selling of a…

Q: xplain why business decides to go in public?

A: Business refers to an activity of trade where sale and purchase of either goods or services is done…

Q: ubject: Enterpreneurship as a enterpreneur we need to develop a unique and different business idea…

A: Economy of Pakistan is complex. There are few thriving industries and many are struggling. The…

Q: The government has put in place a number of programmes to promote franchising as a viable business…

A: There are different industries and organizations that are active these days. This has been done due…

Q: Movie rental stores used to be a vibrant business within the United States, but with the invention…

A: The initial business model was to allow people to rent videos by choosing them online and having…

Q: Explain the role performed by an entrepreneur in the development of a country's economy and provide…

A: The role performed by an entrepreneur in the development of a country's economy are as follows - 1.…

Q: Describe an unrelated diversification strategy Bonia corporation berhad

A: "The solution has been provided in a generalized Manner." Bonia Corporation Berhad's unrelated…

Q: Which businessman associated with Standard Oil is considered both a “Robber Baron and a Captain of…

A: INTRODUCTION - A businessman from the late 19th century who amassed money through dishonest or…

Q: defensive diversification explanation

A: The more the firm grows, the more the competitions are to be faced.

Q: Emerging economies are characterized by an increasing market orientation and an expanding economic…

A: Emerging markets are markets that are more of a developed market and consider economic growth but do…

Q: Please choose a small and medium enterprise in Malaysia and give reasons choosing the company.

A: A small and medium-sized enterprise (SME) is a business that has relatively fewer employees, lower…

Q: Using Porter’s Five Forces model, critically discuss the five (5) forces For an industry of your…

A: The Porter's five forces which is applicable in the Retail sector are explained briefly in the…

Q: What initiatives has the Sri Lankan government launched to support entrepreneurs in this country?

A: An initiative is a particular and clear-cut activity, task, or program embraced to accomplish a…

Q: the industry is Disney entertainment. Thinking about one of the competitors in your industry,…

A: Disney was only able to grow from a relatively successful animation studio to a complete…

Q: explain The intel company weakness on limited business diversification

A: Introduction For a company to grow in the industry, it is essential to focus on the SWOT Analysis…

Q: Discuss and define the Manifest Destiny and the Monroe Doctrine. Explain the importance of these two…

A: Manifest Destiny:Manifest Destiny was a 19th-century belief or ideology that originated in the…

Q: Summarize each of the five forces related to the new industry (Powersports Industry) in just one…

A: Let me know if you need more detailed assistance on any of these points or have specific data about…

Q: Explore how you, as a young entrepreneur, can boost your sales and retails during FIFA World Cup…

A: Any entrepreneur who decides to initiate a business should ensure that his business idea should be…

Q: Best Buy has 2,600 stores in Europe and China (and has stores in Canada) and is looking to global…

A: A multi-domestic approach can refer to an international marketing approach that focuses on…

Q: Discuss the importance of business and industry. Explain the relationship between industry,…

A: An industry is needed to be studied by an organization to survive an sustain in the market. The…

Q: What is the difference between a forward and future market? Explain.

A: There are different kinds of businesses and industries that are active these days. Also, there are…

Q: Suppose you and some friends want to start a business that offers business culture training to…

A: In order to start a new business it is often seen that the people are often often confused about the…

Q: When doing a Market penetration strategy, it is costly for small medium enterprise? Explain.

A: The four arrangements in the Ansoff matrix include market penetration, product development,…

Q: ow would you appraise your own potential for becoming an enterprenuer?

A: There are many ways an individual can appraise his own potential for becoming an entrepreneur: A…

Q: Describe how you would build up a fast-food restaurant and the business concepts you would use for…

A: When commencing a business, deciding the legal structure is one of the most important practical…

Q: entrepreneurs in many parts of the world open coffee shops?

A: The sense of comfort and relaxation that coffee shops can offer is one of the main reasons why they…

Q: Discuss how you would expect the financing choices of the following firms to differ and explain the…

A: Firms' financing options can vary substantially depending on their stage of development. A company…

Q: Which strategy or strategies will be applicable for a declining industry

A: Declining markets are markets that have gone from maturity--where sales stay flat or may even climb…

Q: Describe entry strategies that organizations may use to enter foreign markets. In your answer…

A: International marketing deals with selling and promoting products and services across the globe.…

Q: Is this statement true or false? Regardless of the products or services it sells, an entrepreneurial…

A: The statement in question is suggesting that an entrepreneurial business, regardless of what it…

Q: Give at least 5 publicly-listed company in the Philippines and its sector.

A: Publicly listed companies are companies that are listed on the stock exchange where by the company…

Q: What key factors should a company consider when evaluating the potential benefits and risks of…

A: Franchising is a popular business model that offers significant potential for growth. It allows…

Q: "Emerging economies are characterized by an increasing market orientation and an expanding economic…

A: The entrepreneur performs an active role in economic development. Entrepreneurs work as reactants in…

Q: Discuss how you would expect the financing choices of the following firms to differ and explain the…

A: An enterprise is a sophisticated and expansive organization or business entity engaged in commercial…

Q: Define franchising in Simplified manner

A: Franchising: Franchising is defined as It is a method of marketing and distribution of products or…

Q: hoice that you would want to establish in Canada, detail regarding your market segmentation strategy…

A: Segmentation study in the marketing sector is finding subgroups of individuals in a broader…

Q: Select an industry and consider how the life cycle of the industry has affected the company's…

A: Industry Life Cycle The different stages in which enterprises function, grow, and slump within an…

Q: lture growth? describe briefly

A: A marketing system can turn into an immediate wellspring of new specialized information and initiate…

Question

Select an Entrepreneur from Pakistan who has started his/her business from very low level and made it successful .History and initial challenges he/she have faced and Current business standing

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Explenation

VIEW

Step 3: Conclusion

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions

You are a successful entrepreneur operating a local business for the last five years in your chosen industry. Since your business has grown over the years you have now decided to take your business overseas and are considering two options. The first is to enter another Asian country with your product/service and the other is to enter a country in the South American market. As an initial fact finding exercise you have decided to carry out a detailed analysis of the macro economic factors facing ONE of the two chosen countries. Based on your study prepare a report on your findings.Question 1Based on the above scenario, you are requested to study all the PEST factors:i. Political and Legal factorsii. Economic policies (trade policies, foreign exchange controls, financial markets) iii. Social, Cultural factors (Values and beliefs that directly or indirectly have an impact on your product or service) iv. Technological factors,v. and Ethical business practices that prevail in the market…
Discuss how the firm’s profitability is affected by its industry environment. Explain in detail and Please give examples from an industry and company from the Pacific island country or overseas.
Select a business of your choice that you would want to establish in Canada, detail regarding your market segmentation strategy and marketing mix, behind your business.
Explain any form of market entry strategy available to entrepreneurs.
why do entrepreneurs in many parts of the world open coffee shops? give a large explantion
Assume that you wish to become an entrepreneur and plan to start a new business venture. You have learned in your Entrepreneurship course that to be an entrepreneur you have to be alert in identifying business opportunities. Considering the present critical COVID-19 pandemic situation and poor economic performance in Malaysia, explain how you would identify business opportunities and what are the best sources of ideas of a new business venture. State your idea of a potential new venture and describe the business that you plan to do.
Select an industry and consider how the life cycle of the industry has affected the company's business strategy in that industry over time. In your answer, address each phase: introduction, growth, shakeout, maturity, and decline.
what are some reasons why social ventures need different sustainability models compared to purely commercial ventures?
Describe how you would build up a fast-food restaurant and the business concepts you would use for it. Once you have established this fast-food restaurant you would like to expand your business and you find that franchising is the best way for you to do it. So now being the franchisor you must in detail describe how you would build up a franchising system in terms of a restaurant chain and then how you would develop it internationally over all continents.
Discuss the importance of business and industry. Explain the relationship between industry, commerce, and trade. Explain what commerce is and describe its component parts. Finally, discuss the importance of the formal study of business in the present era.
You are writing a business plan on Indian restuarant, write a description and scope statement for your business plan identifying what you can reasonably achieve in three years. Add also an opportunity assessment section. ALo write a section for your business plan addressing your entrepreneurial venture's market/industry including factors that will potentially impact the feasibility of your project. Identify evidence of a substantial, reachable market and market demand.
Select an industry and consider how the industry life cycle has affected business strategy for the firms in that industry over time. Detail your answer based on each stage: introduction, growth, shakeout, maturity, and decline.