Exam (elaborations)
MNE3701 Assignment 3 Semester 2 2024 - DUE 27 September 2024
- Institution
- University Of South Africa (Unisa)
MNE3701 Assignment 3 Semester 2 2024 - DUE 27 September 2024 QUESTIONS WITH DETAILED ANSWERS
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[Company name]MNE3701
Assignment 3
Semester 2 2024 -
DUE 27 September
2024
QUESTIONS WITH ANSWERS
, MNE3701 Assignment 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)
QUESTION 3
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