Exam (elaborations)
MNE3701 Assignment 3 Semester 2 2024 - DUE 27 September 2024
- Institution
- University Of South Africa (Unisa)
QUESTIONS WITH ANSWERS MNE3701 Assignment 3 Semester 2 2024 - DUE 27 September 2024
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MNE3701 Assignment 3Semester 2 2024 - DUE 27
September 2024
QUESTIONS WITH ANSWERS
[School]
[Course title]
, 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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