MGT602 Assignemnt # 2 Solution

MGT602 Assignemnt # 2 Solution:
Question # 1

Answer:
After review of his analysis, In my point of view, after developing and implementing the successful business plan, Tanveer have done to avoid some situations such as: tanveer must have to take the corrective actions. The very first step he must have to take is to register his partnership legally. As he is the financer of his firm, he must have to make ROI proportion to his investment to recover his losses. To monitor his activities regularly he must take daily statement of banking transaction prior to link his company’ Bank account with e-statement facility to get daily transactions alert on his email. By using this facility he can check his company’s inflows and outflows to avoid leakage. Properly depute his trustworthy person to keep the records through Gate Pass & Builty No’s. Also he must have to install the CCTV’s at the premises and regularly check the activities at every start of day.
Question # 2
Answer:
After revealing the fact that partab singh has used company resources for his personal use and to avoid further embezzlement, tanveer decided to recover the losses through negotiation. If recovery does not exist then and negotiation fails to recovery the losses then he involve the mediator to recovery. But if this also fails then the last step is he takes the legal action against him

MGT602

Entrepreneurship Assignment # 1

Download the Link: http://sharecash.org/download.php?file=703674

MGT602 Paper

MGT602 Entrepreneurship Start Time 11:00 to 1:00 Date 1-03-2010



Total Questions 45 Marks: 80


Total MCQ,s 40 Marks: 40


Total Long Questions: 5 Marks 40


Question 1. Write the Disadvantages of acqiuition? Marks 5


Question 2. Write the Content " Description of the Venture " in the Business Plan? Marks 5


Question 3. Write the Advantages and Disadvantages of the Marketing Plan.


Question 4. What questions in your mind you must known before write the business plan? Marks 10


Question 5. Given the Balance Sheet two years, solve the Following Ratio? Marks 10


1. Acid Test Ratio.


2. Debt to Equity Ratio.


3. Inventory Turn Over ratio.


4. Investment Turn Over Ratio.

MGT602 Paper

MGT602-Entrepreneurship Paper Fall 2009
Totall Questions: 41 Marks 50
Total MCQ,s 40 Marks 40
Total Long Questions: 1 Marks 10
Question: Mr. Ahmad is(an Vantor) Create have a new Idea about Product. Ahmad is a frad to unfear of infragnied of product. Mr. Ahmad want to commercializing the product in fear way to protect in infragnied. if that is true then explan that.

MGT602 Quiz Sol

MGT602 Entrepreneurship Quiz Solution:
Question # 1
Government can help in forming new venture by providing:
Select correct option:

Technology

Question # 2
The assessment of the needed resources by the entrepreneur starts with:
Select correct option:

A scanning of friends and family for funds


Question # 3
An actor and a person who managed large project were termed as the entrepreneur in the _________.
Select correct option:

Middle ages

Question # 4
The chief motivational factor for _________________ entrepreneurs to leave jobs is the frustration of not being allowed to perform at the level of which they are capable.
Select correct option:

All of the given options(Male,Female,Both)


Question # 5
The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of:
Select correct option:

Economic development

Question # 6
A typical inventor is usually ________________________.
Select correct option:

Highly creative & in love with the invention


Question # 7
An individual’s need to be recognized is called:
Select correct option:

Need for achievement


Question # 8
The activities which occur when the new venture is started are called:
Select correct option:

Departure point

Question # 9
The intersection of knowledge and a recognized social need to start a product development process is called:
Select correct option:

Iterative synthesis

Question # 10
Which of the following firm achieves modest growth?
Select correct option

High potential growth firm

MGT602 Quiz

MGT602 Quiz # 1 Entrepreneurship
Question # 1
Which of the following is alternatively called corporate venturing?
Select correct option:

Entrepreneurship
Entrepreneurship
Act of stating a new venture
Offering new products by an existing company

Question # 2
The entrepreneur’s_______________ depends on his perception of the opportunity.
Select correct option:

Commitment to opportunity
Commitment of resources
Control of resources
Strategic orientation

Question # 3
Factors contribute to the creation of new venture EXCEPT:
Select correct option:

Government
Finance
High interest rates
Role models

Question # 4
Which one of the following is a barrier to new product creation and development?
Select correct option:

Trial and error
Opportunity parameter
Opportunity cost
Intrapreneurship culture

Question # 5
An individual’s need to be recognized is called:
Select correct option:

Need for independence
Need for affiliation
Need of fame
Need for achievement

Question # 6
Following are the important aspects of international success EXCEPT:
Select correct option:

Planning
Diversification
Reporting
Control

Question # 7
In some countries, points of purchase displays are not allowed in retail stores. Such differences are studied by international entrepreneurs under __________ environment.
Select correct option:

Economic
Political
Cultural
Technological

Question # 8
Individuals influencing an entrepreneur’s career choice and style are known as:
Select correct option:

Role model
Moral-support network
Professional support network
Support system

Question # 9
When the multiplicity of environments become too complex to handle, the international entrepreneurs often __________
Select correct option:

Go for mergers
Diversify
Decentralize operations
Sale out the foreign business

Question # 10
The entrepreneur was distinguished from capital provider in:
Select correct option:

18th century
17th century
19th and 20th century
Middle ages

MGT602

ENTREPRENEURSHIP (MGT602)
SEMESTER FALL ALL (2009)
ASSIGNMENT NO. 01

Question:
Discuss any ‘Business Plan’ in which clearly mention your unique
business idea with the Cost effectiveness and also explain which location
would be suitable for this business startup.
Your business plan should base on solid inferences & research, any table
or graphical presentation will be encouraged.
******************************

And also use this for Assignment solution:http://docs.google.com/Doc?docid=0AexZJGDfhquoZGdnZzV4bXdfMHE5dGg0amM5&hl=en

This Assignment just a hint do not same copy....

BUSINESS PLAN

1. Executive Summary:
Objectives
The objectives of Rainbow Boutique and Accessories will be as under:-

ü To provide top quality material, new quality of cigarettes, different brand company, and online business.
ü Generate retail sales of over Rs. 5,000,000 in year one.
ü Deliver order at door step of shop/cabin
ü Estimate a gross margin of over 45%.
ü To conduct our business according to the highest level of ethics.
ü To maximize the customer value, and satisfaction.
ü To establish the Customer Management Database with motive to win the long term loyalty of customer.
ü To continue to train ourselves and our associates so that the service we give will be more efficiently performed
ü Not only to deliver the product but maintain the follow up of sold product
Cigarette intermediate is devoted to both organization as well as shopkeepers. It identifies that to satisfied organization and a good relationship with shopkeepers, it can succeed in competition business environment.It aims to put forward a profitable and sustainable business activity that meets the customer’s requirements and expectations, remaining ahead of competitors, always recognizing and maximizing opportunities.

2. Description of Business:
Cigarette intermediates will be a full-service intermediate which will deal in all types of cigarettes. Shopkeepers or cabin holders who are searching for reasonable quality products at affordable prices.
The inventory will consist of broad variety of Gold leaf, Marlboro, 555, Capstan, Cigars, K2, Gold flake, and more. Imported brand is also available.
I run the business myself full-time and hire sales assistances. The store has the potential of employing up to 20 full-time employees, estimating a minimum of five to start. The opening hours are 9:00 to 21:00. Seven days in week, and government official holidays we closed all daily bookkeeping is done by me. As accountant I take care of the necessary month-end works
3. Description of Industry:
Cigarette intermediates brings new ideas in market to become cash cow, it brings the online sell if cigarettes. More quantity and qualities product will be sold at door step to the customers. Our product’s quality, material and services will be far excelling besides assuring the timely delivery. A contracts will be taken from organizations and make them sure that we are doing our level best to retain them profit as well as remains on top. The communication level will be so efficient and effective. We believe in progress, growth and possibility. We are introduction a new entrepreneurship ideas to satisfied our customer (shopkeepers/Cabin holders). This means getting ever closer to customers, understanding their lifestyles in clothing accessories and their businesses, and establishing long-term relationships.
Our goal is to provide best quality to over customers in the brands. We will provide high quality products and services at the most reasonable price Customized delivery will be our hallmark. Credit card is also accepted. Our company confirms that they manage to follow online business and helps to all our customers who want to buy a product in our website and give all favors that want. Our web will enable the customer to order and make transaction through Internet.

4. Marketing Plan:
a) Segmentation and Competitors:
Cigarette intermediates brings to you wide range of online marketing design, style, fashion and technologically progressive services and interactive marketing capabilities to search the brand faster than ever. Advertising professionals realize that the heart of any campaign is the product and the position it holds in people's minds. Products and their brand names are newsmakers themselves. So we want to do our business online because in the market they can search their products and they can choose the desired product with little effort through on line marketing just as in an offline business, you’ll have to figure out how to make money. It will help if you create a business plan, and consider what other successful online businesses are doing. Some options include ,extend your existing “brick-and-mortar” business online ,sell products , sell services ,sell information ,sell advertising ,become a customer.
This Online Business site is organized along the same lines, so you can get additional information on any of these steps when you need it. Every market is customer dependent, because of the customers knows the benefits and the specification of the product that they want to buy. The importance’s of the online business is that it is very easy to search and finding also it is les costly and the environment is also very friendly, so u have also not pay any entrances or other extras charges like that’s and also all the products are clear and giving the complete information that the customer want to knows also it provides complete data of every product that the customers want to buy in the online business.
b) Target Customer:
Our product incorporates foreign stuff as well as local stuff which lead to price differentiation. On same grounds the nature of work will differ keeping in view the band width of income levels. We have targeted our customer in broadly two divisions:-

Ø Superior/Exclusive Class
Ø Mediocre Class
Ø Lower Class
c) Promotional Activities:

· Tags of company shown at prime visibility location
· Distribution of Brochures
· Gifts
· Coupons
· Encouragement and Prize Contest for best seller among them.

5. Financial Plan:
Cigarette intermediates projects the gross margin to be healthy percent. Sales projections over Rs: 5 million. A monthly breakdown of the cash-flow analysis, balance sheet, business ratio, break-even analysis, and other financial details are shown in the appendix. Annual projections will be highlighted in the following sub-topics.

6. Production Plan:

In Cigarette intermediates I would like to introduce following products and services.

Ø Marlboro
Ø More
Ø 555
Ø Gold leaf
Ø Capstan
Ø Bensons & Hedges
Ø Pall Mall
Ø Cigars
Ø K2
Ø Gold flake
Ø Marvin Gold

Services:
The best way to earn profit is the delivery on time.
Be right on time, at place and a right product.
Credit card is also accepted.
Cheques are also accepted.

MGT602 GDB

MGT602 - Entrepreneurship
Mr. ‘A’ creates a cost effective ‘Solar Power’ battery for mobile phones and give this technique to the Mr. ‘B’ for producing it at large scale. Mr. ‘B’ sells this final product to Mr. ‘C’ for supply in the market. Identify which of the following role is being performed by Mr. A, Mr. B and Mr. C in the above mentioned scenario.
1. Entrepreneur 2. Inventor 3. Intrapreneur 4. Vendor5.Entrepreneurship 6. Seller 7. Manufacturer 8. Buyer

ANSWER:
Mr. A is Entrepreneur
Mr. B is Manufacturer
Mr. C is Vendor