MNE3701 Assignment
5 (COMPLETE
ANSWERS) Semester 2
2024 - DUE 25 October
2024; 100% TRUSTED
Complete, trusted
solutions and
explanations.
ADMIN
[COMPANY NAME]
, MNE3701 Assignment 5 (COMPLETE ANSWERS)
Semester 2 2024 - DUE 25 October 2024; 100% TRUSTED
Complete, trusted solutions and explanations.
Having acquired sufficient knowledge and skills on
entrepreneurship and small business management, you must
demonstrate practical competencies in managing business’s
assets and risks. Think of any business you would like to start
and answer the following questions: QUESTION 1 By using
practical examples, critically discuss how you would manage the
assets of your business. (10)
Here’s a critical discussion on how to manage the assets of a
business, incorporating practical examples:
Managing Business Assets: A Critical Discussion
When starting a business, effective management of assets is
crucial for ensuring operational efficiency, financial health, and
long-term sustainability. For this discussion, let's consider
starting a small café named Brewed Awakenings. Below are
strategies for managing various assets in this business.
1. Inventory Management
Example: Brewed Awakenings will serve a range of beverages
and snacks, requiring careful inventory management. To manage
this asset effectively, I would implement an inventory