Explain the following; 1 . microbusiness with appropriate examples. 2 small business with appropriate examples 3
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Explain the following;
1 . microbusiness with appropriate examples.
2 small business with appropriate examples
3
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- 29 - Which of the following is used to describe businesses that operate mainly based on facilities and equipment (equipment) factors ? a) Small Business B) Technology Intensive Businesses NS) Labor Intensive Businesses D) Capital Intensive Enterprises TO) Large BusinessesCH5: Starting and Managing Your Own Business 1) Explain and define the content of a Business Plan.4. Explain with the real example why IT is very important in business today.
- 3. What is the role of information technology in Instacart’s business model?Discuss the following entrepreneurial groups and 3 skills required to be a member of each in relation to Island Sunglasses: - finance group (organized) - human resources - production (creative problem solver) - sales & marketing (outgoing) - purchasing (organized and detailed) - CeoCritically analyze Ansoff growth strategic matrix (1957) in the context of your organisation
- List 5 notions that industries can work on to improve their competitiveness 1. 2. 3. 4. 5.INSTRUCTIONS Description 1. Analyze the five forces within the industry you choose and identify each as Strong, Weak or Neutral. Support your analysis 2. Identify specific companies within the industry that are following each of the 4 Generic Strategies discussed in the slide1. Define the concept of Business Process Management (BPM). 2. Define and compute productivity and efficiency. (Just know how to write a fraction) 3. Explain the terms pre-industrial, industrial, and post-industrial societies and identify the main economic sector for each.
- Name and discuss the elements of a company's microenvironment and give an example illustrating why each is important.What are the factors that affect SMEs’ business growth? Identify at least five and make a precise but clear explanation for each of the factors given.Decide on one ERP business value and explain why you believe it is critical.