What should you include about your business?

Where it is and who your customers are

What is Employment Law?

Governs the rights between individuals and their employers

Do you need a logo for your business?

No, its not in the assignment brief

What laws will you need to consider?

Employment laws, health and safety laws

What should you include in your cash flow forecast

Loan repayments and money coming into your business

What do you need to do on Thurs Feb 8th?

Bring food for our happy little party

In a business plan, objectives should be SMART. What does SMART stand for?

Specific, measurable, achievable, realistic and time bound

What do you need to include in your plan

Why people will choose your business and not competitors

Rivalry among companies for customers.

What should you include in your SWOT

You are studying BA (hons) Business and Tourism Management

Fulfill the needs and wants of consumers

Which ONE of the following is NOT a stakeholder of a local sandwich shop?

People who pass by the sandwich shop

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1st Feb

14 termsStudBud Administration15 plays

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Questions 14

Answers

1
What should you include about your business?
Where it is and who your customers are
Staff names and Instagram accounts
Logo and advertising materials
Every single little detail or you will fail
2
Whats the purpose of market research
To reduce risks
To advertise you product
3
What is Employment Law?
The law that states all people over 18 must work
The right to work in Canada
The lawsuit against all employers who disobey their bosses
Governs the rights between individuals and their employers
4
Do you need a logo for your business?
Yes it will make your business look more professional
No, its not in the assignment brief
5
What laws will you need to consider?
The law of physics
Employment laws, health and safety laws
The laws of the land
Law and Order on TV
6
What should you include in your cash flow forecast
Loan repayments and money coming into your business
Favourite foods and hobbies
Social media marketing plan
Whatever you want
7
What do you need to do on Thurs Feb 8th?
Check your resubmissions
Whatever you want
Bring food for our happy little party
Submit all work
8
In a business plan, objectives should be SMART. What does SMART stand for?
Specific, measurable, achievable, realistic and time bound
Specifically made and really tangible
Strength, muscle and real tough
Stand more and reach together
9
What do you need to include in your plan
What plan?
How popular in the class
Why people will choose your business and not competitors
How you plan to come back for the next year
10
Business Competition
Studies procedures used to complete a job to increase worker productivity
Rivalry among companies for customers.
Working with employees to ensure they are motivated and have resources
Determining how plans can be accomplished most effectively.
11
What should you include in your SWOT
Your favourite foods and hobbies
The business environment
You are studying BA (hons) Business and Tourism Management
The local market
12
Purpose of Business
Manages "people" relations within the company
Owned by many people
Opportunity to increase competition in the marketplace
Fulfill the needs and wants of consumers
13
Which ONE of the following is NOT a stakeholder of a local sandwich shop?
Customers of the sandwich shop
People who pass by the sandwich shop
Owner of the sandwich shop
Staff who work at the sandwich shop
14
Why do businesses carry out market research?
To identify customer needs
To sell goods directly to the consumer
To analyse cashflow
To inform customers about upcoming promotions

1st Feb Flashcards | StudBud