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MNE3701
Assignment 3
Semester 2
2024 - DUE 27
September
2024
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, MNE3701 Assignment 3 (COMPLETE ANSWERS)
Semester 2 2024 - DUE 27 September 2024
Course
Entrepreneurship and Small Business Management (MNE3701)
Institution
University Of South Africa (Unisa)
Book
Small Business Management
MNE3701 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE
27 September 2024 ; 100% TRUSTED Complete, trusted solutions and
explanations. Ensure your success with us.
.Having acquired sufficient knowledge and skills on financial management for
small business, you must demonstrate practical competencies in constructing
financial statements and in conducting feasible financial forecasting. As a new
entrepreneur understanding financial management and accounting, forms an
integral part of running your small business. In addition, you should also be
able to forecast the financial outcomes that could result from your decision.
The projections of business’s profits, its assets and financial requirements,
and its cash flows are essential in determining whether your business is
economically viable. Having acquired sufficient knowledge and skills on
entrepreneurship and small business management, you must demonstrate
practical competencies in financing the financial or capital needs of your
business, building customer relationships, developing the product and
managing the supply chain of your the business. Think of any business you
would like to start and answer the following questions: QUESTION 1 With
reference to practical examples, critically discuss how you would finance your
business. Motivate why you choose specific ways of financing over others.
(10) QUESTION 2 With reference to practical examples, demonstrate how
you would build customer relationship in your business. (10) 3 MNE3701 2024
ACADEMIC YEAR TURNOVER QUESTION 3 Conceptualise how you would
apply your skills to develop your product and manage the supply chain of your
business. Provide practical examples and motivation for the product strategies
you may choose to develop your product.
Question 1: Financing Your Business
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