BBA404- SMALL BUSINESS MANAGEMENT

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ASSIGNMENT

DRIVE	SUMMER 2015
PROGRAM	BBA
SUBJECT CODE & NAME	BBA404- SMALL BUSINESS MANAGEMENT
SEMESTER	4
BK ID	B1715
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.

1 Define small business and explain its characteristics.

Ans : Entrepreneurs and those who work for small businesses tend to enjoy doing a variety of tasks, and are generally flexible people. With low sales volume and high dependence upon people and labor, the atmosphere and workplace culture in a small business contrasts with those in a large, well-funded corporation.

Definition

In the Small Business Act, a small business is defined as "one that is independently owned and operated and which is not dominant in its

2 Explain Porter’s five forces model.

Ans : Michael Porter provided a framework that models an industry as being influenced by five forces. These five forces are those competitive forces that shape every single industry and market. These forces help us to analyze everything from the intensity of competition to the profitability and attractiveness of an industry.

Five Forces Analysis helps the marketer to contrast a competitive environment. Five forces analysis looks at five key areas namely the threat of entry

3 Explain various sources of Working Capital.

Ans : Working capital Definition:

Working capital refers to the funds needed by a business to conduct its daily operations, such as payment of wages, purchase of raw material, covering overhead costs and offering credit services. Working capital can be subdivided into two areas:

Dear students get fully solved  SMU BBA Spring 2014 assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601