Question

In: Economics

Q. In this assessment you are seeking to become an entrepreneur by having a business/ company...

Q. In this assessment you are seeking to become an entrepreneur by having a business/ company in any forms. You are expected to write a report based on the following questions:

1. Description/details of the chosen business/company ( 5 marks )

2. Identify the qualities / Characteristic of becoming an entrepreneur

3. Discuss what type of business forms you would like to choose in future by describing it is benefits and drawbacks

4. Pick any strategy/ stratigies you believe that the business/company chosen will be able to reach in global markets and explain how this strategy will help the business/company growth

Expert Solution

QUESTION-1

we would like to start a business concerned with trading company which would deal in the technical gadgets and equipments like mobiles,tablets and laptops of all kind of brands.it would deal with different leading companies and with different countries all around the world.

QUESTION-2

qualities of becoming a good entrepreneur-

an entrepreneur must have a good temper,he should be patient enough to handle the situation.
an entrepreneur should have better communication skills,so he can convey his message to the concerned personnel.
an entrepreneur should have better understanding capacity so he can understand what is the expectations of different parties at what price
an entrepreneur must have leadership qualities so he can lead his team for the overall development of the business concern.
an entrepreneur should have good personality

QUESTION-3

we would start providing and manufacturing the concern products in demand like assembling service of the product,covers and carry manners of the gadgets which would demand least investment and it would be helpful for developing the business where firm would be enjoying the gained market advantage.

ADVANTAGE-

need small investment
least marketing cost

DISADVANTAGE-

cut throat competition in the market
low profit margin

QUESTION-4

our company would be ensuring to take requisite steps like

foreign trade
promoting,investing in, encouraging new startups
dealing with developing countries
listing of company and market issue

all these steps would be helpful in developing the business globally.

Rahul Sunny answered 2 years ago

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