Question

In: Operations Management

For the Business Analysis assignment, you will be analyzing a business that you want to create...

For the Business Analysis assignment, you will be analyzing a business that you want to create or you can analyze an existing business.

Answer the analysis questions below.

Analysis Questions:

  1. What is the business name?
  2. What product or service is sold?
  3. Who are the customers?
  4. Where is the business located (ex. storefront, online, both)?
  5. What type of business organization would you choose for the business? Why is this form of organization the most appropriate for the business?
  6. What are two (2) legal issues the business could face AND how would you avoid or resolve each potential issue?

Solutions

Expert Solution

1. The business name should be and should be relevant to your business, for example, Pizza hut, Burger king, etc. Here I'm planning to open a food restaurant that delivers biryanis and kebabs. I can name my business as Biryanis and Kebabs.

2. As its a food restaurant it serves food and as the name suggests it serves all types of biryanis and kebabs.

3. Families and Employees.

4. It will be located in the city center and near to business embassy parks as it has a high location advantage.

5. Partnership, each partner contributes the money for the investment and shares profits and losses in the business. For a restaurant, the investment is very high and a solo person cannot bear losses if the restaurant doesn't do well. In Partnership, investment is shared and profits & Losses are shared as per their shares in the business.

6. Legal Issues.

  • Hotel Hygiene and Overall maintenance.--- All staff should observe strict personal hygiene. Regular washing of the kitchens and hotels.
  • Proper Insurance coverage---By having good insurance coverage when the casualty occurs
  • Labor compliance---- Should follow all the concerns related to the labor law.

keosha answered 8 months ago
Next > < Previous

Related Solutions

CREATE A BUSINESS PLAN OF YOUR CHOICE. ( FOR A NEW BUSINESS THAT YOU WANT TO...
CREATE A BUSINESS PLAN OF YOUR CHOICE. ( FOR A NEW BUSINESS THAT YOU WANT TO START AND YOU ARE SEEKING FINANCING/INVESTMENT) THE PLAN SHOULD INCLUDE ATLEAST THE FOLLOWING POINTS- 1. Concept A key purpose of a business plan is to give readers a total understanding of the company's goals. This part of the business plan is usually broken down into three elements: executive summary, company description and products/services. The executive summary is a quick introduction describing who runs the...
The assignment requires me to create a PESTLE analysis for a business idea that I created...
The assignment requires me to create a PESTLE analysis for a business idea that I created which is basically a coffee shop with drawing activities. Entrepreneurship
For this assignment, you are to use the business model canvas to create four (4) canvases...
For this assignment, you are to use the business model canvas to create four (4) canvases on different business concepts Make sure to include the following in the margins as per the video. 1)Key Trends 2) Industry Trends 3) Market Forces 4) Marco-economic forces
Consider a small business you want to create. In your post, address the following: What type...
Consider a small business you want to create. In your post, address the following: What type of business would you create? Conduct some research on companies offering a similar product. What distinguishes you from your competitors? Name 2-3 risks you need to consider in your new venture? Consider the risk factors similar companies may have encountered. How could you leverage e-commerce and social media to make your business profitable?
You are analyzing the market for soccer balls. In particular, you want to analyze the change...
You are analyzing the market for soccer balls. In particular, you want to analyze the change in equilibrium price and quantity in that market, after these three events have occurred: Event 1: A new soccer player becomes a huge success. This has two effects. First, it incentivizes more buyers to consume soccer balls. Second, the preferences of everyone change (old and new customers), as now many want to be a soccer player. Event 2: A rise in the price of...
Using Incremental Analysis, create a situation where you are going to make a business decision on...
Using Incremental Analysis, create a situation where you are going to make a business decision on whether you have to sell a product or process said product further. Classify the specific costs as relevant or irrelevant.
Assignment: The Ordered List In this assignment, you will create an ordered list of movies. The...
Assignment: The Ordered List In this assignment, you will create an ordered list of movies. The list will always be maintained in sorted order (ascending order, by movie title) by assuring that all new movies are inserted in the correct location in the list. Create a new project to hold your implementation of an ordered singly-linked list. You will need a main.cppto use as a test driver, as well as header and implementation files as described below. Movie To represent...
For this assignment, you will apply what you learned in analyzing a simple Java™ program by...
For this assignment, you will apply what you learned in analyzing a simple Java™ program by writing your own Java™ program. The Java™ program you write should do the following: Display a prompt on the console asking the user to type in his or her first name Construct the greeting string "Hello, nameEntered!" Display the constructed greeting on the console Complete this assignment by doing the following: Download and unzip the linked zip file. Add comments to the code by...
For this assignment, you will apply what you learned in analyzing a simple Java™ program by...
For this assignment, you will apply what you learned in analyzing a simple Java™ program by writing your own Java™ program that creates and accesses an array of integers. The Java™ program you write should do the following: Create an array to hold 10 integers Ask the user for an integer. Note: This code has already been written for you. Populate the array. Note: The first element should be the integer input by the user. The second through tenth elements...
For this assignment I want you to assume you are the President of the United States,...
For this assignment I want you to assume you are the President of the United States, and China (one of our largest export customers) decides to ban all imports from the U.S. What effect would that have on the U.S. economy? Consider AD, unemployment, inflation, and recession as you contemplate your answer. Once you have determined a potential danger to our economy, what fiscal policy tool would you use to mitigate the damage of China’s decision?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT