Reference no: EM132170233

Assignment

Activities (General Research Section)

1. Describe the various types of employee benefits plans typically offered by small businesses. What issues do you find with different types of plans?

Activities (Company-Specific Section) : ( Chombo company)

2. Describe what plans you would need in order to start or run your preferred type of small business. (consider mandatory requirements)

3. Explain why you chose each plan. Is each plan needed to start the business, or could some plans be added at a later stage?

4. Describe the company's financial and managerial responsibilities in regard to each type of plan you chose.

5. What steps would you take to better understand the costs involved in the type of plan you choose? Give one example.

Overview of my company

My preferred type of small business is Chombo

Chombo is a business company that offers a wide range of electronic products. The products include and not limited to digital cameras, radio receivers, television sets, MP3 players, video recorders, DVD players, camcorders, personal computers, video game consoles, telephones, and mobile phones.

The company expects to meet the threshold requirement of the modern consumer base by providing quick delivery of broad variety and high-quality electronic products. The company is aimed at providing prevalent electronic products and delivering the products to the customers within 24 hours through the incorporation of e-business.