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 7 months ago
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