pls soon “A business that fails to plan will plan to fail". Thus, a business plan is one of theessential documents that are required during set up a new business or scale up acurrent business.Q1(а)(i)(ii)Explain TWO (2) uses of a commercial business plan.Describe in detail THREE (3) reasons why a business might fail.

Business Plan : A business plan can be defined as a written document in which contains the various…

Answered: “A business that fails to plan will…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Indicate the parties that would benefit frkm a business plan
Back Ground of Brunt Hotels, PLC Brunt Hotels, PLC, owns more than 60 hotels throughout the United Kingdom. They recently acquired a small hotel chain headquartered in France. Brunt’s chief executive decided that half of the new hotels in France would be retained and rebranded as part of the Brunt Hotels Group; the other half will be sold. This will support Brunt’s strategic objective of growing the organization slowly to make sure that new ventures are well supported and opened on time and on budget. Brunt’s hotels are considered budget accommodations; they are functional, clean and reasonably priced. Most guests stay for one to three nights and are a combination of business and leisure travellers. The hotels are typically situated in downtown locations that are easily accessible by mass transit. Tourists are attracted to these hotels in popular visitor destinations where the many local attractions mean that they will not be spending much time in their hotel rooms. The organization…
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Q- Discuss how to design business portfolios and develop growth strategies.
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5. Determine the Degree of Operating Leverage (DOL) of the company ?
a. Explain how did the Bonia Company perform in the past year overall in terms of return on investment, market share, and profitability? b. What are the Bonia Company's current mission, objectives, strategies, and policies? c. Are they clearly stated, or are they merely implied from performance?
Scenario Wanda is concerned that if she grows the business, she may take on more financial and personal responsibility than she is comfortable with. Your Task 1. Prepare a chart showing the forms of business ownership Wanda could adopt for Salty Pawz as she expands. For each type of ownership, you need to provide the advantages and disadvantages of each option as they relate to Wanda's businesses. 2. After having explored the advantages and disadvantages of each form of ownership, which form would you recommend for Wanda and Salty Pawz, and why? 3. Lastly, if Wanda decides she wants the two friends she works with to become more formally involved in ownership of the business, does that change the advice you gave her in part (b) above. If so, how? If it does not affect your advice to her, then why not?
CH5: Starting and Managing Your Own Business 1) Explain and define the content of a Business Plan.
Suppose that Switch decide to extend the business operations to nutrition consulting whereby they offer consulting services with a focus on energy and performance enhancement. In addition, they provide nutrition plans that include nutrition plans that include recommendations for including Switch Energy drink into their diets. The business unit has been able to acquire many customers despite its recent entry into the market. However, management are concerned that they may lose customers, similar to their product line. Provide a report in which you recommend to management, how they could instil a service culture within this unit so as to avoid the loss of customers.

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