Please select a subject first
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When do we conclude that a business has failed? When do we conclude that a business has failed?
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Explain the reasons for business failures.
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Aarushi finished her Bachelors degree in Management and decided to join Paras Pharmaceuticals. She was placed under the department which oversaw the exact route of each individual item. Her supervisor Kumar explained that their department plays a very important function of looking into the movement of material, performance of machines and operations of labour. She was surprised and asked Kumar the reason and he further explained that the department makes a plan for every item which will ensure the orderly flow of materials from the raw material stage to the finished product stage and this will enable continuous production always.
He further elaborated on various systems used for quality control. Kumar showed her an existing plan and asked Aarushi to devise a plan incorporating all that he had explained.
Explain the first five elements involved in this plan.
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Describe the contents of organizational plan.
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Define organisational plan? A business can be classified in how many categories?
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Identify the various factors which will help the entrepreneur as well as the potential investor from the organisational plan.
- Long-term effectiveness of the enterprise
- Profitability
- Specifying the types of skills needed and the roles that must be filled by the members
- The attitudes, behaviours, dress, communication styles etc., thus chalking out informal organisation
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What is a proforma income statement?
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What are the key areas, for a sound financial plan to work?
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What are the major financial items that should be included in the financial plan?
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What is a financial plan? What are its objectives?
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Explain the investment decision under the financial plan? In which areas should the investment should be on the basis of priority?
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The entrepreneur should develop a sound financial plan as timely availability of funds in the right volume is key to entrepreneurial success. In light of the given statement, examine the relevance of a financial plan for an entrepreneur.
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Which common techniques are required to calculate the forecasting income?
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Ashwin was working as Director Finance in Ambur Metal Works. Managing Director of the Company Kailash asked Ashwin to draft a proforma investment decision plan enlisting the funds which should be invested in different assets so that the company can get the highest possible returns. From the following identify the reason(s) that would help Ambur Metal Works.
- It will help the company to understand the total amount of funds required.
- It will also help the company to assess the situation as to whether they have excess or inadequate funds.
- It helps the company to understand the various sources of funds.
- It helps the company to reflect the position of the business at the end of every year.
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| Karthik is in the business of manufacturing laptop components since 2010. They have been supplying their parts to all major manufacturers. His son Harsh took over the factory in 2022. He had done his Masters in Business Administration and wanted to expand the operations of the company. He planned to start manufacturing laptops to be sold in the Indian market. He discussed the idea with his financial team. They estimated the cost of the project to be around Rs. 65 crores. They decided to take the required funds from potential investors. The financial team of the company decided to make a plan which will explain to the potential investor the ways and means of how the entrepreneur plans to meet all financial obligations. |
Explain any five components of this plan.
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What is meant by a target market?
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What is manpower planning? Why is it necessary for every business unit?
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While doing the manpower planning an entrepreneur, decides to keep less qualified manpower and give them low wages and salaries to enable higher profits. Do you think his/her approach is correct and justified, why?
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