Reference no: EM132722152

Problem 1: There are a number of key legal and ethical issues that you will need to be aware of when creating a business plan. What are some areas impacted by Australian laws and regulations that you need to be aware of when creating a new small business? List at least 4 and their relevant Acts and regulations.

Problem 2: Give examples of stipulations imposed on employers by the WHS act.

Problem 3: Define the terms 'customer base' and 'target market' and state how these two groups are useful when identifying market size and potential.

Problem 4: What are the elements that usually dictate market size and potential?

Problem 5: Give examples of five sources of revenue that are essential to the profitability of your business.

Problem 6: The other big financial factor that you need to consider when formulating a business plan is costs and overheads. Give 5 examples of costs and overheads common to all business.

Problem 7: Give examples of four digital marketing activities you can execute to promote your business and its products.

Problem 8: Give a short explanation of why you would choose those four digital marketing activities for a business.