BBA404-Small Business Management

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ASSIGNMENT

DRIVE	WINTER 2014
PROGRAM	BBA
SUBJECT CODE & NAME	BBA 404-Small Business Management
BOOK ID	B1715
SEMESTER	4
CREDITS	2
MARKS	30

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q.1 SWOT Analysis is an effective tool for making internal assessments. Assume that you are have recently joined as an executive in a small company manufacturing spare parts of automobiles. Your company has to avail a loan from bank. Prepare a SWOT Analysis to be presented in bank for your company.

Ans : Explanation of SWOT analysis:

SWOT analysis (alternatively SWOT Matrix) is a structured planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. A SWOT analysis can be carried out for a product, place, industry or person. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. The technique is credited to Albert Humphrey, who led a convention at the Stanford

Q.2 Explain different types of Manufacturing Process.

Ans : Different types of Manufacturing Process:

Manufacturing is the production of merchandise for use or sale using labor and machines, tools, chemical and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Such finished goods may be used for manufacturing other, more complex products, such as aircraft, household appliances or automobiles, or sold to wholesalers, who in turn sell them to retailers, who then sell them to end users – the "consumers".

Q.3 Write short notes on:

a) Cost Allocation and Apportionment

b) Assessing Managerial skills

Ans: a) Explanation of allocation and apportionment:

Allocation:

• Allocation means the allotment of whole items of cost to cost centres or cost units.
• It deals with the whole items of cost.
• Cost is directly allocated to any cost

b) Assessing Managerial skills:

All managers possess their own set of skills, abilities, and traits. The key to their effectiveness is whether or not they are also good leaders. Effective managers must possess traits that will translate into becoming an effective leader.

Purpose of Assessments :

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