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Referring to your ongoing small business venture idea (BASED ON THE WEAVING INDUSTRY IN INDIA), discuss the following:
1. Describe any physical facilities you will need (retail, warehouse, etc.) Where will you locate these facilities? Explain why you chose this location (proximity to transportation, target market, suppliers/raw materials, etc.) If you will have no physical facilities, explain why.
2. Describe a general HRM/staffing plan based on your needs. What types of employees will be needed, and how many? Where will you find these employees?
3. Describe a general Information Systems plan based on your needs. What types of data will be important for your firm to gather and analyze? How will this data be shared inside and/or outside the organization?
4. Capital resources will likely need to be secured at startup and on an ongoing basis. Where will you get these resources? Would you prefer debt or equity financing? Why?
Find the effective gross hourly cost. What is the job cost if a job will require 10 man-hours with a productivity of 94%?
Consider two products A and C. Forecasted annual demand for Product A is 2,000 units and for Product B is 12,000 units. Assume that both products are purchased from a supplier, and there is a $200 transaction cost for each order. Formulate an invento..
Which is not a competitive advantage for an entrepreneurial firm?
What does the UCC say about contracts between merchants? Let's be sure to cite the sections of the UCC that support your positions. Does "reasonableness" have a role in rejecting delivery? How about the impact of a merchant parties compared to indivi..
Closing a Project - Closing the project is routine once you have the client’s agreement that all deliverables have been met according to scope outlined in project contracts. Closing the project consist of six major steps. List and define each step. I..
When Congress is unable or unwilling to act on major issues such as immigration reform and gun control,
A covenant not to compete is a special type of contract that prohibits commerce directly in the business world. There are, essentially, two primary types of contracts not to compete: Do these non-compete clauses fundamentally and necessarily interfer..
Find a recent article on the strategies of an organization in an industry of interest to you. How does this strategy distinguish company from its competitors.
You are the Human Resource Manager for a 30-person t-shirt design company located in New Castle, Delaware. The business is in the third year of operation, but sales have started to decline. The owner is concerned that consumers are choosing to purcha..
Describe briefly the five (5] key stakeholders in most projects. Class, scheduling involves production of both the network diagram and Gantt chart. Is it necessary to produce both? Why, or why not? Describe some of the challenges in analzyzing softwa..
Specifically describe the linkage between the following pairs of metrics (Note: In each pair, the first metric is the kind of measurement the supervisors and managers would monitor and be evaluated on, and the second is the bigger picture metric t..
Explain the following quote from Richard Epstein: " The moral case behind strict liability is that the distribution of gains and losses matters as much as the total size of the social pie." How is it that tort law is inadequate to deal with crime? Ho..
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