Paper Topic:

Decisions in Paradise pt. 2

DECISIONS IN PARADISE 1

There are several issues that normally appear in a business scenario These issues include market , competition , operations , management financial section , schedule of operation , executive summary of the business , and the of the risks that may be encountered in the future

The executive summary must define how the business is supposed to be and acts like a cover page which must be exhaustible as possible . The business must describe whether the business is a new , old or its being expanded , more so , it describes the ownership of the

business location , skills and experience to run the business and how the community will benefit from the business . The market must be clearly be defined , i .e , who are expected to be the customers , how is your business expected to compete in the market , the expected share market promotion and pricing strategies to be used and the anticipated future of the business . Competition must be clearly be analyzed in terms of the expected competitors , how to counter the competition , the strengths of the potential competitors must be understood and take advantage of them besides knowing them , understanding their actions , their market share market mix , pricing policies etc . how the business is to be operated The financial section must elaborate the source and cost of capital , the expected returns on capital and revenue . the risks and how they will be countered incase they occur is a crucial scenario in a business , the risks are mainly countered through...

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