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MNE3701 Assignment 3 Semester 2 2024 - DUE 27 September 2024
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MNE3701 Assignment 3 Semester 2 2024 - DUE 27 September 2024
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MNE3701Assignment 3 Semester 2 2024 Due 27 September 2024
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.
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